Docusign Envelope ID.. OE5586F5-63C84468-B21 E4077E2CQC9BC
The Bosco Centre
ANNUAL REPORT
AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 JULY 2024
Registered Charity Commission No,. 1157639

Docusign Envelope ID., OE5586F5-63C84468-B21 E4077E2COCgBC
The Bosco Centre
Contents
Page
Legal and administrative details
Trustees, report
Independent Auditor's report
Statement of financial activities
Balance sheet
Statement of cash flows
io
Notes to the financial statements
11-20

Docusign Envelope ID.. OE5586F5-63C84468-B21 E-4077E2COC9BC
The Bosco Centre
Legal and administrative details
Trustees
Sr. Norma Kirkby
Primrose Campbell
Annabel Clarkson
Matthew Farrell
Valerie Stapleton
Chair
Treasurer
Chief Executive Officer & Principal
Darren Coghlan
Reglstered charity number
1157639
Principal and registered office
281 Jamaica Road
Bermondsev
LONDON SE16 4RS
Independent auditor
Cocke, Vellacott & Hill
Chartered Accountants
Unit 15 City Business Centre
Lower Road
LONDON SE16 2XB
Banks
Lloyds TSB plc
67 Tower Bridge Road
Bermondsey
LONDON SEI 4TN
Financial Adviser
Leagold Miller
127 Station Road
Chingford
LONDON E4 6AG
Page I

Docusign Envelope ID.. OE5566F5-63C84468-B21 E4077E2COC9BC
The Bosco Centre
Trustees, report for the year ended 31 July 2024
The board of trustees present5 its report together with the financial statements of the charity for the year ended 31 July
2024, which comply with the charity's trust deed, the Charities Act 2011 and Accounting and Reporting by Charities..
Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial
Reporknng Standard applicable in the UK and Republic of Ireland IFRS 1021 leffective l January 20191.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing instrument
The Bosco Centre was established in 2014. It was registered with the Charity Commission under registered number
1157639 on 30 June 2014 and it is governed by a Constitution of a Charitable Incorporated Organisation of the same date.
The management of the Centre is the responsibility of the board of trustees who are appointed and co-opted under the
terms ofthe Constitution.
Trustee recruitment, induction ond troinlng
Except for the first charity trustees, new trustees are appointed by the existing board of trustees by a resolution for a
term of 3 years and are eligible for reappointment. The Centre has introduced induction packs for trustees.
Orgonisotion structure
Bosco Centre was set up by and directed by Sister Cecily Dunn until her death on 24 May 2016, with the help of Sister
Norma Kirkby, both without remuneration. Sister Cecily Dunn's position was taken over by Mr Darren Coghlan who at
the time wa5 an external consultant advising the charity. He has since been appointed as Chief Executive Offi'cer and
Principal, which is now a paid position. Other members of the staff are both full time and part time, paid employees.
The Bosco Centre operates from the charity's premises and also owns other property for investment purposes.
The trustees are responsible for the management of the Charity. The trustees meet four times a year. The trustees of the
charity who Served during the year were..
Sr. Norma Kirkby
Annabel Clarkson
Primrose Campbell
Matthew Farrell
Valerie Stapleton
The trustees are very sad to report that trustee Barry Crawley died during the year. The trustees enjoyed working with
Barry throughout his tenure and his contributions were highly valued. He is and will be much missed.
Risk review
The trustees have conducted their own risk review of the major risks to which the charity is exposed and systems have
been established to mitigate those risks. These procedures are regularly reviewed to ensure that they 5ti11 meet the needs
of the charity.
OBJECTIVES AND ACTIVITIES
Objects
The object5 of the Bosco Centre are to advance the educatr'on of children and young people,. to provide facilities, in the
interests of social welfare, for recreation and other leisure-time occupation for children and young people- and to relieve
poverty and sickness, particularly by the provision of counselling and advice and accommodation where appropriate. In
planning activities for the year the trustees keep in mind the Charity Commission guidance on public benelit.
Strategies
The key elements of the charity'5 medium to long term strate8ie5 are a5 listed below..
Ongoing services provided=
Day Nursery for children age 3 months to 5 years old of teenage parent5 who are studying towards a qUHlification,
local working low income parents and specific children who are at risk, other local working parents of the area,.
Junior and After School Club for 5 to 12 years old,.
Youth Club for 12 to 16 years old in the evenings,.
Education and Employment Training Projects for 15 to 25 years old,.
Bosco Independent school for 14-19 year olds.- and
Coun5elling, guidance services and housing accommodation.
Page 2

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The Bosco Centre
Trustees, report for the year ended 31 July 2024 (continued)
OBJECFIVES AND ACTIVITIES (continued)
Strategies (continued)
Longer term strategies are to extend the education and employment training (the BOSCO College), to develop the
educational programmes to include more qualifications and to increase the range and type of vocational courses offered.
These are currently in Child care, Administration, ITQ and Youth work. We hope to include in the future Customer Service
and possibly Retail.
Activities
The charity has maintained it5 ongoing services throughout the year, namely the Day Nursery, both the Junior and Senior
Youth Clubs and the College to carry out Educational and Vocational projects for the children of the local community. The
variou5 activities and projects have been successfully run by the charity with around 150 children, youn8 people and their
families parhcipatin8 daily.
Those involved with The Bosco Centre are our users/stakeholders':
parents, children and young people of the local community,.
local primary, secondary schools and employers,.
funders,.
Southwark Council - Youth Service, Community Safety and Early years-
Agencies of the Department of Education
our dedicated staff who run the nursery, club5 and the BOSCO college,.
volunteers-
All of the above have a stake in our success. The regeneration of our community and our passionate concern for the
future of our children and young people unites us in our Mission to Youth.
Public Benefit
The various projects run by the charity benefit the people of Southwark and the surrounding locality. These include..
Education and training for lo¢a115-25 year olds in 6 different career5 and include in each of these English. Math5, ICT
and Personal Development,.
Social education and citizenship for children from 5-16 year olds through informal youth work,.
Counselling and Career guidance for 12-25 year olds;
Nursery education for children of single parents, parents on low income and other working parents.
The charity provides guidance and counselling for adults concerning personal, social and developmental issues around
themselves and their children. Thi5 helps to develop a vibrant energetic and socially responsible community who are
effective citizens and enhance community tohesion.
ACHIEVEMENTS AND PERFORMANCE
We are proud ofThe Bosco Centre's achievements:
The college has been graded as good by OF5TED in the previous two inspections.
The nursery ha5 never been graded less than good.
FINANCIAL REVIEW
Re5ult5for the yeor
The results for the year, are as per the statement of financial acknvities on page 8.
During the year income from donation5 totalled £90512023 - £6401 and investment income for the year totalled £60,977
12023 £46,777). Incorne from education contracts with the local councils and other educational bodie5 totalle
£869,18712023 - £796,789) and Nursery, Clubs, fees and other income came to a total of £442,56812023 - £392,395).
The trustees are disappointed to note that operating conditions continued to be difficult in 2024 but are optimistic that
they will improve in 2025.
During the year, four12023 - four) full-time equivalent nursery places were subsidised by the charity. Thi5 nursery income
has not been quantified and has not been included in the accounts
Pa8e 3

Docusign Envelope ID.. OE5586F5-63CW68-B21E4077E2COC9BC
The Bosco Centre
Trustees, report for the year ended 31 July 2024 (continued)
FINANCIAL REVIEW (continued)
Re5ultsfor the year (continued)
The cost of raisin8 funds for the year totalled £4,677 12023 £5,573), charitable adivities expenses amounted to
£1,706,766 12023- £1,503,496). There wa5 a deficit of £337,80612023- £272,538) which was transferred to the charity'5
unrestricted funds.
Reserves policy
Available reserves in the unrestricted income funds currently stand at £4,621,44712023 - £4,959,253). The trustees have
determined that the appropriate minimum level of free reserves which are not invested in tangible fixed assets should
be equivalent to at least three year5, operating costs. The rest of the reserves are the results of long term savings, in
order to enable the charity to continue to offer greater educational and leisure programmes for our beneficiaries. Our
policy, therefore, is to continue building up reserves to that level by means of annual operating surpluses and judicious
management of our investments, supplemented by the general purpose appeals from time to time.
Investment policyi powers and performance
The trustees, investment powers are governed by the Constitution and the charity's investments have continued to be
managed in conformity with our policy and the Constitution. The trustees have continued to place 5urpluse5 in fixed bank
deposit accounts with the assistance of the financial adviser.
The trustees have made a conscious choice to invest in low risk investments and all investments are held in cash deposits
or bonds with a variety of providers. The trustees are satisfied with the returns that they receive from these investments.
The trustees have considered the value of the fixed asset investment property to be still reasonable and no further
adjustments will be required for 31 July 2024 (see note 131.
PLANS FOR THE FUTURE
The trustees will continue running the various projects in Bosco College, Bosco Nursery and Bosco Clubs. The trustees
consider that reserves should be applied to the benefit of student5 Wlthoutjeopardising the future stability of the charity
and are investigating the possibility of extending the premises.
STATEMENT OF TRUSTEES, RESPONSIBILITIES
The trustees are responsible for preparing the Annual Report and the financial statements in accordance with applicable
law and United Kingdom Accounting Standard (United Kingdom Generally Accepted Accounting Practicel.
Charity 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 charity at the year end and of its incoming resource5 and application of resources during that
year. In preparing those financial statements, the trustees are required to:
select suitable accounting policies and then apply them consistently
observe the methods and principles in the applicable Charities SORP,.
make judgement5 and estimates that are reasonable and prudent,.
State whether applicable accounting standards have been followed, subject to any material departures that must be
disc105ed and explained in the financial statements,.
prepare the linancial Statements on the going concern basis unless it is inappropriate to presume that the charity will
continue in busines5.
The trustees are responsible for keeping proper accounting records which are sufficient to show and explain the charity's
transactions and to disclose with reasonable accuracy at any time the financial position of the charity and enable them
to ensure that the financial statements comply with the Charitie5 Act 2011 the applicable Charities (Accounts and Reportsl
Regulations the "Charities SORP IFRS 1021 and the provision of the Trust deed. They are also responsible for safeguarding
the a55ets of the charity and hence for taking reasonable 5tep5 for the prevention and detection of fraud and other
irregularities.
Pa8e 4

Docusign Envelope ID.. OE5586F543C84468-B21 E4077E2COC9BC
The Bosco Centre
Trustees, report for the year ended 31 July 2024 Icontinuedl
AUDITORS
Cocke, Vellacott & Hill were appointed auditors to the charity and a resolution proposing their reappointment will be put
to the Annual General Meeting.
This report was approved by the trustees on 13 March 2025 and signed on their behalf by
Do¢uSlgneé by=
63E83146245847F.--
Primrose Campbell
Trustee
Page 5

Docusign Envelope ID.. OE5586F5-83C84468-B21 E4077E2COC9BC
Independent audltor's report to the trustees of The Bosco Centre
Opinion
We have audited the financial statements of The Bosco Centre set out on pages 8 to 19 for the year ended 31 July 2024,
which comprise the Statement of Financial Activities, the Balance Sheet, the Statement of Cash Flows and notes to the
accounts including a summary of signift'cant accounting policies. The financial reportr.ng framework that has been applied
in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted
Accounting Practice) including 'Accounting and Reporting by Charities.. Statement of Recommended Practice applicable
to charitie5 preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and
Republic of Ireland IFRS 1021 leffective l January 20191"
In our opinion the financial statements..
give a true and fair view of the state of the charity's affairs as at 31st July 2024, and of its incoming resources and
application of resources, for the period then ended,.
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
have been prepared in accordance with the requirements of the Charities Act 2011.
Basis for Opinion
We conducted our audit in accordance with International Standards on Auditing IUKI IISAS IUKII and applicable law. Our
responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the h'nancial
statements section of our report. We are independent of the charity in accordance with the ethical requirements that
are relevant to our audit of the financial statements in the UK, including the FRC'S Ethical Standard, and we have fullilled
our other ethical responsibilities in accordance with these requirement5. We believe that the audit evidence we have
obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
We have nothing to report in respect of the following matters in relation to which the1SAs IUKI require us to report to
you where..
the trustees, use of the going concern basis of accounting in the preparation of the fi'nancial statements is not
appropriate- or
the trustees have not disc105ed in the financial statements any identified material uncertainties that may cast Significant
doubt about the charity's ability to continue to adopt the going concern basis of accountr.ng for a period of at least
twelve months from the date when the linancial statements are authorised for issue.
Other information
The other information comprises the information included in the annual report. other than the financial statements and
our auditor's report thereon. The trustees are responsible for the other information. Our opinion on the financial
statements does not cover the other information and we do not express any form of assurance conclusion thereon. In
connection with our audit of the financial 5tatement5, our responsibility is to read the other information and, in doing
so, consider whether the other information is materially inconsistent with the frnancial Statements or our knowledge
obtained in the audit or otherwise appear5 to be materially misstated. If we identify such material inconsistencies or
apparent material mi55tatement5, we are required to determine whether there is a material misstatement in the financial
statements or a material mi55tatement of the other information. If, based on the work we have performed, we conclude
that there is a material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
Matters on which we are required to report by exception
We have nothing to report in respect of the following matters where the Charitie5 Act 2011 requires U5 to report to you
if, in our opinion..
the information given in the Trustees, Annual Report is inconsistent in any material respect with the financial
5tatement5,' or
sufficient accounting records have not been kept. or
the financial statement5 are not in agreement with the accounting records and return5,' or
we have not received all the information and explanation5 we require for our audit
Pa8e 6

Docuslgn Envelope ID.. OE5586F543C84488-B21E4077E2COC9BC
Independent auditor's report to the trustees of The Bosco Centre {conttnued}
Responsibilities of trustees
As explained more fully in the Statement of Trustees, Responsibilities set out on page 5 the trustees are responsible for
the preparation and presentation of the financial statements and for being satisfied that they give a true and fair view
and for such internal control as the trustees determine is necessary to enable the preparation of financial statements
that are free from material misstatement, whether due to fraud or error.
Auditor's responslbilities for the audit of the financial statements
We have been appointed as auditors under section 144 of the Charities Act 2011 and report in accordance with the Act
and relevant regulations made or having effect thereunder. Our objectives are to obtain reasonable assurance about
whether the financial statements a5 a whole are free from material misstatement, whether due to fraud or error, and to
issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a
guarantee that an audit conducted in accordance with ISAS IUKI will always detect a material misstatement when it exists.
Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could
reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
A further description of our responsibilities for the audit of the financial Statements is located on the Financial Reportin8
Council's webslte at.. www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.
Use of our report
This report is made solely to the trustees, as a body, in accordance with Section 144 of the Charities Act 2011. Our audit
work has been undertaken so that we might state to the trustees those matters we are required to state to them in an
auditor'5 report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume
responsibility to anyone other than the charity and the charity's trustees as a body for our audit work, for this report, or
for the opinion we have formed.
Cocke, Vellacott & Hill
Chartered Accountants and Statutory Auditor
Unit 15 City Business Centre
Lower Road
LONDON SE16 2XB
Date.. 20 March 2025
Cocke, Vellacott & Hill are eligible to act a5 auditors in terms of section 1212 of the Companies Act 2006.
PaBe 7

Docusign Envelope ID." OE5566F5-63C84468-B21 E4077E2COC9BC
The Bosco Centre
Ststement of financial activitie5 for the year ended 31 July 2024
General
funds
2024
Designated Unrestritted Unrestricted
funds
funds
funds
2024
2024
2023
Notes
restated
Income from:
Donations and legacies
Donations
Charitable activities
Contracts for educational services, grants, etc.
Activities in furtherance of the charity's objects
Other trading activities
Fundraising events
Investment income
905
905
640
869,187
442,568
869,187
442,568
796,789
392,325
60,977
60,977
46. 777
Total
1,312,660
60,977
1,373,637
1,236,531
Expenditure on:
Raising funds
Charitable activities
{4,677)
14.677)
(5.573)
{1,706,766) 11,503,496)
{1,706,766)
Total
(1,706,766)
{4,677} {1,711,443} 11,509,069)
Net incomellexpenditurel before transfers
Gross transfers between funds
{394,1061
56,300
{337,806} (272,538)
Other recognised gainsllosses
Fair value adjustments on investment property
Net movement in funds
1394,106)
56,300
(337,8061 (272,538)
Reconciliation of funds
Total funds brought forward
18
179,492
4,779,761
4.959,253 5,231, 791
Total funds Carried forward
18
1214.6141
4.836.061
4,621,447
4,959,253
The notes on pt7ge5 11 to 20form an integral part of thesefinancial statements.
Page 8

Docusign Envelope ID.. OE5586F5-63C8-4468-B21 E4077E2COC9BC
The Bosco Centre
Balance sheet as at 31 July 2024
2024
2023
Notes
restated
Fixed assets
Tangible assets
Investments
12
13
2,046,174
950,000
2,033,391
950,000
Total fixed assets
2,996,174
2,983,391
Current assets
Debtors
Investments
Cash at bank and in hand
14
15
15&16
61,943
1,227,785
376,748
143,438
1,196,351
673,097
Total current assets
1.666,476
2,012,886
Liabilities
Creditors.. amounts falling
due within one year
17
141,203)
(37.024)
Net current assets (liabilities)
1,625,273
1.975,862
Total assets less current liabilities
4,621.447
4,959,253
The funds of the charity:
Unrestricted income funds
General fund
18
1214,6141
179,492
Designated funds
18
4,836,061
4, 779, 761
Total charity funds
4.621,447
4,959,253
The financial statements were approved by the Trustees on 13 March 2025 and signed on their behalf by
Do¢u51Fn•d by..
Slpned by..
83EB3146245847F..
002264EIC65444C..
Prlmrose Campbell
Trustee
Matthew Farrell
Trustee
The notes on pages 11 to 20form an integral part of theselinoncial statement5.
Page 9

Docusign Envelope ID.. OE5586F5-63C84468-821 E4077E2COC9BC
The Bosco Centre
ststement of cash flows
For the year ended 31st July 2024
2024
2023
Notes
restated
Cash flows from operating activities:
Net income/lexpenditurel for the year las per the
statement of linancial activities)
Adjusrmerttsfor..
Depreciation charges
Net book value of asset on disposal
Interest and rents from investments
Decrease/llncreasel in debtors
Increase/lDecreasel in creditors
1337,8061
(272,538)
39,291
37,995
{61,1221
81,495
4,179
(46.777)
{72,415J
(25,669)
Net cash provided by operating activities
{273,9631
(379,404)
Cash flows from investing activities:
Interest and rents from investments
Purchase of tangible assets
61,122
{52,0741
46, 777
{27.678J
Net cash provided by investing activities
9,048
19,099
Net decrease in cash and cash equivalents
Cash and cash equivalents b/f
{264.9151
1,869,448
(360.305)
2,229,753
Cash and cash equivalents at the end of the year
16
1,604,533
1,869,448
Pa8e 10

Docusign Envelope ID.. OE5586F5-63C84468-B21E-4077E2COC9BC
The Bosco Cent
Note5 to the financial staternents
for the yearended 31July 2024
General information
The Bosco Centre is a charity registered with the United Kingdom Charity Commission under registered number
1157639 on 30 June 2014 and it is governed by a Constitution of a Charitable Incorporated Organisation of the
same date. The address of its registered office is 281 Jamaica Road Bermondsey, LONDON SE16 4RS.
The objects of The Bosco Centre are to advance the education of children and young people,. to provide facilities,
in the interests of social welfare, for recreation and other leisure-time occupation for children and young people,.
and to relieve poverty and sickness, particularly by the provision of counselling and advice and accommodation
where appropriate.
The current year's financial statements are for the year to 31 July 2024. The financial statements for the preceding
year are for the year to 31 July 2023
Accounting policies
The principal accounting policies are summarised below. The accounting policies have been applied consistently
throughout the year and the preceding year.
(a)
Basis of preparation and assessment of going concern
The financial statements have been prepared under the historical cost convention as modified by the revaluation
of fixed asset investments. They are also prepared in accordance with applicable accounting standards and the
recommendations of the Charity Commission in "Aceounting 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 IFRS 1021 leffective l January 20191" and the
Charities Act 2011.
The financial statements are prepared in £ sterlin8, which is the functional currency of the entity.
The charity constitutes a public benefit entity a5 defined by FRS 102.
The trustees consider that there are no material uncertainties about the charity's ability to continue as a going
concern.
{bl
Income
All income is recogni5ed once the charity is entitled to the income, itls probable that the income will be received
and the income can be quantified with reasonable accuracy.
Donated services and facilities are included at the value to the charity where this Can be quantified.
Sncome from charitable activities includes..
income under contract which is recognised as the related services are provided.
grant funding, subject to specific performance conditions, which is reco8ni5ed when the performance has
been achieved.
Investment income is recognised on a receivable basis.
The value of 5ervi¢e5 provided by volunteers has not been included in these accounts.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation commitling the
charity to the expenditure.
Expenditure 15 recogni5ed on an accrual basis as a liability is incurred. Expenditure includes any VAT which cannot
be fully recovered, and is reported as part of the expenditure to which it relate5.
Page 11

Docusign Envelope ID.. OE5586F5-63C84468-B21 E4077E2COCgBC
The Bosco Centre
Notes to the financial statements
fortheyearended 31July 20241...................
continued)
(el
Expenditure {eontinued)
Expenditure incurred on activitie5 falling directly within one cost category is attributed to that category.
Expenditure, which involves more than one cost category including support costs and governance costs, is
apporknoned on a reasonable* juskn')lable and consistent basis to the cost categories involved.
Costs of raising funds comprise of investment adviser's costs and those costs incurred in attracting voluntary
income and those incurred in activities that raise funds.
Charitable acLivities include running of the Day Nursery, Junior and After School Club, Youth Club and Bosco
College.
Support costs are those costs incurred directly in support of expenditure on the objects of the charity.
Governance costs comprise all costs involving public accountability of the charity and its compliance with
regulation and good p￿ctice. These include costs related to audit, trustee expenses and legal fees.
Irrecoverable VAT is charged against the expenditure heading for which it was incurred.
Tangible fixed assets and depreciation
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its
expected useful life, as follows..
Nursery playground & equipment
Fixtures, fi'ttings and equipment
IO% reducing balance over the life of the asset
25% reducing balance over the life of the a55et/lQ% straight
line for building improvements
25% reducing balance over the life of the asset
Motor vehicles
Freehold property for charitable use is brought in at cost and is not depreciated as it is considered to have a
residual value not lower than costs.
Pensions
The pension costs charged in the financial statements represent the contribution payable by the charity during
the year.
The regular cost of providing retirement pensions and related benefits is charged to the SOFA over the
employees, service lives on the basis of a constant percentage of earnings.
Foreign currencies
Monetary a55et5 and liabilities denominated in foreign currencies are translated into sterling at the rates of
exchange prevailing at the accounting date. Transaction5 in foreign currencies are recorded at the date of the
transactions. All difference5 are taken to the 50FA.
le)
Fixed asset investment property
The freehold investment property is recogni5ed at it5 fair value at the balance sheet date. Fair value gain5 and
losses are taken to the statement of financial activities and shown separately in designated funds.
Cash and cash equivalents
Cash and cash equivalents include5 cash in hand, deposits held at call with banks and building socieb'es and
other short-term highly liquid investments.
Ig)
Current asset investments
Current asset investments are made up of fixed dep051t accounts held by the banks.
Page 12

Docusign Envelope ID.. OE5586F&63C84468-B21 E-4077E2COC9BC
The Bosco Centre
Notes to the financial ststements
forthe year ended 31 July 2024....
conti nLied
Donations
Unrestricted
General
funds
Nursery &
Clubs
Apprenticeships
Unrestricted Unrestricted
General
Designated
fund5
funds
Diamond
Project &
2024
Total
2023
Totol
Individuals
905
905
640
Contracts for educational services, grants and etc
Unrestricted
General
funds
Nursery &
Clubs
Unrestricted Unrestricted
General
Designated
funds
funds
Diamond
Project
2024
Total
2023
Total
restated
Education Funding Agency
London Borough ofsouthwark
High Needs grant
16-19 Vulnerable Student Bursaries
London Borough of Lewisham
London Borough of Lambeth
710,154
710,154
626,863
145,793
2,400
145,793
2,400
134,593
2,400
10,840
10,840
32,913
869,187
869,187
796, 789
Attivities in furtherance of
the charity's objects
Unrestricted
General
funds
Nursery &
Clubs
Unrestricted Unrestricted
General
Designated
funds
funds
Diamond
Project
2024
Total
2023
Total
5outhwark Council
Nursery Free Early Education Grant
Nursery fees
91.844
293,701
91,844
293.701
84,502
242,065
385,545
385,545
326,567
3,000
25,252
2,445
225
34.836
Grant from InspiED
Youth Centre subscriptions
Housing - rental income
Hall hire
Boscoffee
19,640
19,640
150
37,233
150
37,233
405,185
37,383
442,568
392,325
The above rental income 15 from surplus rooms in the 'Convent" Ifreehold property used for the charity's
charitable purposes) which are rented out to individual tenant5 at reduced market rentsl.
Page 13

Docusign Envelope ID.. OE5586F5-63C&4468-B21 E-4077E2COC9BC
The Bosco Centre
Notes to the financial statements
fortheyearended 31July 2024.................... continued
Investment income
Unrestricted
General
funds
Nursery &
Clubs
Unrestrlcted Unrestricted
General
Designated
funds
funds
Diamond
Project
2024
Total
2023
Totol
Interest receivablefrom..
Cater Allen I
Shawbrook
Manchester Building Society 2
Virgin Money
Julian Hodge Bank
28,617
28,617
9,215
2.273
996
83
2,886
218
2,886
218
31,721
31,721
12,567
Incomefrom investment property
Rental income
29,256
29,256
34,210
60,977
60,977
46,777
The above interest receivable is from short term deposits with the various banks and building societies named.
Rent receivable is from the investment property located at 202 Rotherhithe Street, London SE16, as shown in
note 13.
Cost of raising funds
Unrestricted
General
fund5
Nursery &
Clubs
Unrestricted Unrestricted
General
Designated
funds
funds
Diamond
Project
2024
2023
Totol
Total
Investment property- BOSCO Lodge..
Rent, rates and Service charge
Repairs and maintenance
Depreciation on Lodge equipment
Investment adviser's fees
1,726
1,060
615
1,276
1,726
1.060
615
1,906
1,276
701
1,276
1,690
4,677
4,677
5,573
Pa8e 14

Docusign Envelope ID.. OE5586F5-63C84468-B21 E4077E2COCgBC
The Bosco Centre
Notes to the financlal statements
forthe year ended 31 July 2024..................
. continued
Costs of activities in furtherance of the objects of the charity
Unrestrl¢ted
General
funds
Nursery &
Clubs
Unrestricted Unrestricted
General
Designated
funds
funds
Diamond
Project
2024
Total
2023
Totol
Staff costs (see note 91
293,159
Subcontractors and supply teachers15ee note 91 2,096
Staff training
Teaching supplies
Youth club costs
Light and heat
Cleaning and waste management
Consumables, repairs and maintenance
Printing, postage and stationery
Advertising and recruitment
Telephone
City & Guild Cerhficates, etc
Insurances
Travelling
Outings and celebrations
Legal and professional
External reviewers and specialist staff
IT and software costs
subscriptions
B05coffee
Lunches and teas
Trainee allowances
General expen5e5
Health and safety
Donations
Depreciation
IGainsl/ loss on disposal of assets
937,234
3,774
9,379
8,110
1,230,393 1,020,657
5,870
9.403
9,379
1, 774
13,523
13,399
31,193
26,663
30,548
44,856
3,637
2,851
27,154
36.663
16.605
16,365
6,688
8,747
4,367
9,643
20,288
13,025
10,051
9,201
10.087
10,901
3,840
7,376
5,413
31,193
9.164
1,819
6,788
4,151
3,344
2,184
21,384
1,818
20,366
12,454
3,344
2,183
20.288
5,025
8,070
1,920
5,026
2,017
1,920
21.466
4,220
1,233
64,400
16,881
3.698
38,851
4.721
27,665
1,407
5,434
440
25,185
85,866
21,101
4,931
38,851
31.755
27,665
1,876
lQ,869
440
38,676
76, 709
25,474
7.306
43, 748
25, 752
25,298
3.322
10.893
2.876
37.294
27,034
469
5,435
13,491
441,622
1,244,031
1,685,653 1,490.196
Governance costs
Legal and professional
Auditors fees - non audit work
Auditors fees - audit work
9,833
1,333
6,187
9,833
2,000
9,280
3,060
3.000
7,240
667
3.093
3.760
17,353
21,113
13,300
445,382
1,261,384
1,706,766 1,503,496
Support Costs
All of the staff are involved in the furtherance of the objects of the charity. A very small amount of time is given to
supporting those activities. This is calcu5ated to have a cost of £22.500 12023 - E24,5001. The a55ociated running
expenses such as light and heat etc. are calculated at £4,50012023 - £6,000).
Pa8e 15

Docuslgn Envelope ID.. OE5586F&63C84468-B21 E4077E2COC9BC
The Bosco Centre
Notes to the financial statements
forthe year ended 31 July 2024................,... continued
8. (Continued)
Costs of activities in furtherance of the objects of the charity: comparative figure5 for 2023
Unrestricted
General
funds
Nursery &
Clubs
Unrestricted Unrestricted
General
Designated
funds
funds
Diamond
Project
2023
Total
Staff costs Isee note 91
256,050
subcontractors and supply teachers (see note 91 4,280
Staff training
Teaching supplies
Youth club costs
Light and heat
Cleaning and waste management
Consumables, repairs and maintenance
Printing, postage and stationery
Adverkn5ing and recruitment
Telephone
City & Guild Cerblicates, etc
Insurances
Travelling
Outings and celebrations
Legal and professional
External reviewer, legal and prof. fees
IT and software costs
Subscriptions
Boscoffee
Lunches and teas
Trainee allowances
General expenses
Health and safety
Donations
Depreciation
(Gains1/ loss on disposal of assets
764,607
5,123
1,774
8,780
1,020,657
9,403
1,774
13,399
26,663
44,856
2,851
36,663
16.365
8,747
9,643
13,025
9,201
10,901
7,376
4,619
26,663
13,457
1.426
9,166
4,091
3,960
4,822
31,399
1,425
27,497
12,274
4.787
4,821
13,025
4.600
8,721
3,688
4,601
2.180
3,688
19,177
5,131
1,827
57,532
20,343
5,479
43.748
4,148
25.298
2,492
5,447
2,876
23,803
76,709
25,474
7,306
43,748
25,752
25,298
3,322
10,893
2,876
37,294
21,604
830
5,446
13,491
387,332
1,102,864
1,490,196
Governance costs
Legal and professional
Auditor's fees - non audit work
Auditor's fees - audit work
3,060
1,800
5,180
3,060
3,000
7,240
1,200
2,060
3,260
10,040
13,300
390,592
1.112,904
1,503,496
Page 16

Docusign Envelope ID.. OE5586F5-63C8446&B21 E4077E2COC9BC
The Bosco Centre
Notes to the financial ststements
forthe year ended 31 July 2024,................... continued
Employees
Number of employees
The average monthly numbers of employees
lincluding the trustees) during the year were=
Nursery & Clubs
Diamond Project & Apprenticeship Tutor5
Administrators and Quality Assurance
Youth worker
Maintenance & cleaning
2024
Number
15
18
2023
Number
12
18
40
37
Trustees
45
43
Year
ended
2024
Yeor
ended
2023
Charitable
activities
Wages and salaries
Social security costs
Nest pension costs
1,008,698 1,008.698
84.535
84,535
137,160
137,160
927.280
75,130
18,247
Total staff costs
Other costs..
Administrative support
Diamond Project subcontractors and supply teachers
Nursery - Subcontractors and supply staff
College- Subcontractors and supply staff
1,230,393 1,230,393
1,020,657
1.800
85,866
2.096
1,974
1,800
85.866
2,096
1,974
5.123
76, 709
4.280
Total staff costs (including subcontractors & supply staff)
1,322,129 1,322,129
1,106, 769
One employee received remuneration above £60,000 per annum12023 one). For disclosure on related party
transactions, please refer to note 20. Included within the salaries cost5 is £428,33312023 - £298,9901 which
relates to the costs of key management personnel 5 officers12023 - 5 officers).
io.
Pension costs
The company operates a defined contribution pension scheme in respect of the 2008 Pensions Act. The scheme
and its assets are held by independent managers. The pension charge represents contribution5 due frorn the
company and amounted to E137.16012023 - £18,2471 and is included in wage5 and salaries cost5 above.
The rates applicable to the employee5 were 1% up to 5 April 2018, 3% up to 5 April 2019 and 5% up to 5 April
2022. The rates applicable to the employer were 1% up to 5 April 2018, 2% up to 5 April 2019 and 3% up to 5
April 2022. At the year end £90912023 £1,579 outstandingl cf contributions were paid in advance, included in
other creditor5 and accruals under creditors within one year in note 17.
ii.
Taxation
All of the charity's income is applied for charitable purposes and therefore the charity is exempt from corporation
tax.
Pa8e 17

Docusign Envelope IO.. OE5586F5-63C84468-B21 E4077E2COCgBC
The Bosco Centre
Notes tothefinancial statements
forthe yearended 31 July 2024....... .
contrnued
Improvement
to freehold
propertv
Fixtures,
fithngs and
equipment
12.
Tangible fixed assets
Freehold
Property
Nursery
playground
Motor
vehlcles
Total
Cost
At l August 2023
Additions
Disposals
1,825,000
185,057
409,288
25,530
22,937
2,442,282
52,074
26,544
At 31July2024
1,825,000
26,544
185,057
434,818
22,937
2,494,356
Depreciation
At l August 2023
On disposals
Charge for the year
63,642
330,679
14,570
408,891
13,490
23,709
2,092
39,291
At 31July 2024
77,132
354,388
16,662
448,182
Net book values
At 31July2024
1,825.000
26,544
107,925
80,430
6,275
2,046,174
At 31July2023
1.825,000
121,415
78.609
8.367
2,033,391
The freehold property has been included at its purchase price as at 4 September 2014.
13.
Fixed asset investment property
Investment
property
Cost or valuation
At l August 2023 and at 31 July 2024
950,000
Net book values
At31July 2024
950,000
At31 July 2023
950,000
Historical cost: As at 31 July 2024
237,688
Historical cost.. A5 Ot 31 July 2023
237,688
The above freehold investment property is located at 202 Rotherhithe Street. This property was revalued at
2019 by one of the trustees, Mr Matthew Farrell, who 15 a property management consultant. The trustees
believe that valuation is still reasonable and no further adjustments will be required for 31 July 2024.
Page 18

Docusign Envelope ID.. OE5586F5-63C84468-B21E4077E2COC9BC
The Bosco Centre
Notes to the financlal ststements
for the year ended 31July 2024.......
continued
14.
Debtor5
2024
2023
restoted
131,018
145
12,275
Trade debtors
Other debtors
Prepayments and accrued income
33,532
433
27,978
61,943
143,438
15.
Current asset investments
2024
2023
Bank/ building society and other deposits
1,227,785
1,196,351
16
Cash and cash equivalents
2024
2023
Bank/ building society and other deposits
Cash at bank and in hand
1,227,785
376,748
1,196,351
673.097
1,604,533
1,869,448
17.
Creditors: amounts falling due
within one year
2024
2023
Pension payable
Other taxes and social security costs
Other creditors
Atcruals and deferred income
19091
12.633
33,030
13,551)
1,579
18.856
16,589
41,203
37,024
18.
Unrestricted income funds
General
funds
179,492
1.312,660
11,706.766)
Deslgnated
Total
funds
funds
4, 779, 761
4,959,253
60,977
1.373,637
(4,6771 (1,711,443)
l August 2023
Income
Expenditure
Fair value adjustments
Transfers
31 July 2024
1214,614)
4,836,061
4.621.447
Purposes of unrestricted funds
The unrestricted general fund comprises funds which the trustee5 are free to use in accordance with the
haritable objects.
The unrestricted designated fund has been so designated at the discretion of the trustees in order to separate the
fixed asset investment property and the current a55ets.
Pa8e 19

Docusign Envelope ID.. OE5586F5-63C84468-B21 E4077E2COC9BC
The B05co Centre
Notes to the financlal ststements
forthe year ended 31July 2024..
continued
19.
Analysis of net assets between funds
Unrestrirted
General
funds
Unrestricted
Designated
funds
Total
Unrestricted
funds
Fund balances at 31 July 2024 are represented by:
Tangible fixed assets
Investment assets
Net current assets
Current liabilities
2,046,175
950,000
1,839,886
2,046,175
950,000
1,666,475
141,2031
(173,4111
141,2031
1214,6141
4,836,061
4,621,447
20.
Related party transactions
There were no related party transactions in the year12023 - None).
No trustees received any remuneration or reimbursement of expenses for the current or previous year.
Pa8e 20