Docuslgn Envelopa ID.. DFBc52014F094o2&AF27B6EFC5cF7B0 The Bosco Centre ANNUAL REpoKr AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025 Registered Charity Commission No: 1157639
DosIgn Envelope ID.. DFBC52014F09402C-AF27-EB6EFCSCF7BO The Bosco Centre Contents Page Legal and administrative details Trustees, report Independent Auditor's report ststement of financial activities Balance sheet Statement of cash flows io Notes to the firsancial statements 11-20
Docuslgn Envelope ID: DFBc52014F094O2&AF27B6EFC5cF7B0 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 Darn Coghlan Registered charity number 1157639 Principal and reEiStered office 281Jamaica Road Bermondsey 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 128-132 Station Road Chingford LONDON E4 6AB Page I
DocJJslgn Envelop8 ID.. DFBC52014F09402&AF27-EB8EFC5CF7BO The Bosco Centre Tru5tees' report for the year ended 31 July 2025 The board of trustees presents its report together with the financial 5totements of the charity for the year ended 31 Julv 2025, which comply with the charity's trust deed, the Charities Act 2011 and Accounting and Reporbng 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 (effective l January 20191. STRUCTURE, GOVERNANCE AND MANAGEMENT Governing instrument The 8osco 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 term5 of the Constitution. Trtsstee recrnltment. Inducrfon ond trolnlng Except for the first charity tru5tee5, 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 inductfon packs for trustees. Orgonisotion structure 805co 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 was an external constsltant advising the charity. He has Since been appointed as Chief Executive Officer 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 operate5 from the chartty'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 Risk revlew 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 ore regularly reviewed to ensure that they still meet the needs of the charity. oBJEIVEs AND ACTIVITIES Objects The object5 of the B05co Centre are to advance the eduCaOn of children and young people; to provide facilitie5, in the interests of Social welfare, for recreation and other leisure-time occupation for children and youn8 people- and to relieve poverty and 5ickne55* particularly by the provision of counselling and advice and accommodation where appropriate. In planning activitie5 for the year the trustees keep in mind the Charity Commi55ion guidance on public beneftt. Strotegles The key elements of the charity's medium to long term strategie5 are 05 listed below.. Ongoing services provided: Day Nursery for children age 3 months to 5 year5 old of teenage parents who are studying toward5 a quolification, 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 year5 Old: Youth Club for 12 to 16 years old in the evenings: Education and Employment Training Project5 for 15 to 25 years old; and Counselling and guidance service5. Page 2
DooJsign Envelope ID.. DFBC52014F09402C-AF27EB8EFC5CF7BO The Bosco Centre Trustees, report for the year ended 31 July 2025 Icontlnued) OBJEcfivES AND ACTIVITIES {continued) Strotegies (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 course5 offered. These are currently in Child Care, Administration, Digital Media, Business Studie5, Health and Social Care, IT and Sport. Aclivitie5 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 various activities and project5 have been successfully run by the charity with around 150 children, young people and their families participating daily. Those involved with The Bosco Centre are our userslstakeholders,: parent5, 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 ofthe Department of Education our dedicated staff who run the nursery, clubs 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. Publlc Benefit The various projects run by the charity benefit the people of Southwark and the surrounding locality. These include.. Education and training for local 15-25 year olds in 6 different careers and include in each of these English, Maths. Icr and Personal Development,. Social education and citizenship for children from 5-16 year olds through informal youth work- Counselling and Career guidance for 16-25 year olds. Nursery education for children of sin8le parents, parents on low income and other working parents. The charity provide5 guidance and counselling for adults concerning personal, social and developmental issues around themselve5 and their children. Thi5 helps to develop a vibrant energetic and socially responsible community who are effective citizen5 and enhance community cohesion. ACHIEVEMENTS AND PERFORMANCE We are proud of The Bosco Centre's achievements: The college has been graded as good by OFSTED in the previous two inspections. The nursery has never been graded le55than good. FINANCIAL REVIEW Result5fvr the year The results for the year, are a5 per the statement of financial activities on page During the year income from donation5 totalled £2,50012024- £9051 and investment incomeforthe yeartotalled £78.741 12024 £60,977). Income from educotion contracts with the local councils and other educational bodies totalled £1,171,75212024- E869.1871 and Nursery. Clubs, fees and other income came to a total of £637,35412024- £442.5681. During the year, four12024- four) full-time equivalent nursery places were sub5idised by the charity. This nursery income has not been quantified and has not been included in the accounts PaBe 3
Docusign Envèlope ID.. DFBC5201-3F09402CAF27-EB6EFC5CF7BO The Bosco Cerrtre Trustees, report for the year ended 31 Juty 2025 {continuedl FINANCIAL REVIEW (continued) Resultsfor the yeor (continuedj The cost of raising funds for the year totalled £4,268 12024 - £4,677). charitable activities expenses amounted to £1.742,38912024- £1,706,766). There was a deficit of £143,690 {2024- E337,8061 which was transferred to the charity'5 UnstrIcted funds. Reserves pollcy Available reserves in the UnstrIcted income funds currently stand at £4,765,13712024- £4,621,447). The trustees have determined that the appropriate minimum level of free reserves which are not invested in tangible lixed assets should be equivalent to at least three years, opefating 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 pmgrammes for our beneficiarie5. Our policyi 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. Investmentpollry. powers ond performonce 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 Surpluses 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 tixed a55et investment property to be still rea50nable and no further adjustments will be required for 31 July 2025 {see note 131. PLANS FOR THE FUTURE The trvstee5 will continue running the various projects in Bosco College. Bosco Nursery and Bosco Clubs. The trustees consider that re5erve5 should be applied to the benefit of students without jeopardising the future stability of the charity and are investigating the possibility of extending the premi5e5. 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 Practice). 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 resources and application of resources during that year. In preparing those financial statements, the trustees are required to: selert suitable accounting policies and then apply them consistently: observe the method5 and principle5 in the applicable Charities SORP. make judgement5 and e5timate5 that are reasonable and prudent,- state whether applicable accounting standards have been followed, subject to any material departures that must be disclosed and explained in the financial statements- prepare the linancial staternents on the 80ing concern ba515 unle55 It Is inappropriate to presume that the char5ty will continue in business. The trustees are responsible for keeping proper accounting record5 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 IAccounts and Report51 Regulations the "Charitie5 SORP IFRS 1021 and the provision of the Trust deed. They are also responsible ft)r Safeguarding the assets of the charity and hence for taking reasonable 5tep5 for the prevention and detection of fraud and other irregularities. Page 4
DoS1gn Envelope ID.. DFBC5201-3F09402&AF27-EB6EFC5CF780 The Bosco Centre Trustees. report for the year ended 31 July 2025 {continued} AUDITORS Cocke, Vellacott & Hill We appointed auditors to the charity and a resolution proposin8 their reappointment will be put to theAnnual General Meeting. This report was approved by the trustees on 2 October 2025 and signed on their behalf by DoGuSlgn•d by.. B3E83146248847F PTimrose Campbell Trustee Page 5
DOCsign Envelope ID.. DFBC5201-3F09402GAF27-EB6EFC5CF7BO Independent auditor'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 20 for the year ended 31 July 2025, which comprise the Statement of Financial Activities, the Balance Sheet, the Statement of Cash Flows and notes to the accounts including a summary of significant accounting policies. The financial reporting 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 charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective l January 20191" In our opinion the financial ststements: give a true and fair view of the state of the charitV'5 affair5 a5 at 31st July 2025, 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 IUKI11SA5 IUKII and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial 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 fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Conclusions relating to going concem We have nothing to repart in respect of the following matters in relation to which the ISAS IUKI require us to report to vou where.. the trustees, use of the going concern basis of accounting in the preparation of the financial statements is not appropriate,. or the trustees have not disclosed 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 accounting for a period of at least twelve months from the date when the financial 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 finantial 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 Statements. our responsibility is to read the other information and, in doing so, consider whether the other information 15 materially inconsistent with the financi315taternents or our knowled8e obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material mi55tatements, we are required to determine whether there 15 a material mi55tatement in thefinancial statement5 or a material mi55tatement of the other information. If, based ors the work we have performed. we conclude that there 15 a material mi55tatement of thi5 Other information, we are required to report that fact. We have nothing to report in this regard. Matters on whlch we are requlred to report by exception We have nothing to pOrt in respect of the following matter5 where the Charitles Act 2011 requires us to report to you if. in our opinion.. the information given in the Trustees, Annual Report 15 inconsistent In any material respect with the financial Statements. or 5uflicient accounting records have not been kept,. or the financial statements are not in agreement with the accounting records and returns; or we have not received all the information and explanation5 we require for our audit Pa8e 6
Docuslgn Envelope ID.. DFBC52014F09402&AF27-EB6EFC5CF7BO Independent auditor's report to the trustees of The Bosco Centre (continued) Responslbllities 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 responsibilitles 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 obtsin reasonable a55urance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to Issue an auditor'5 report that includes our opinion. Reasonable assurance is a high level of assurance but is not guarantee that an audit conducted in accordance with ISAS IUKI will always detect a material mi5Statement when it exists. Mi55tatements can arise fmm fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decision5 of users taken on the basis of these financial statement5. A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporknng Council's web51te at-. www.frc.org.uk/auditorsresponsibilitie5. Thi5 description forms part of our auditor's report. Use ofour report Thi5 report 15 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's 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 StatutoryAuditor Unit 15 City Business Centre Lower Road LONDON SE16 2XB Date: 2 October 2025 Cocke, Vellacott & Hill are eligible to act as auditors in terms of section 1212 of the Companies Act 2006. Pa8e 7
Docusign Envelope ID-. DFBC5201-3F09402C-AF27-EB6EFC5CF7BO The Bosco Centre Statement of financial activiknes forthe year ended 31 July 2025 General funds 2025 Designated Unrestricted Unrestritted funds funds funds 2025 2025 2024 Notes Income from: Donation5 and legacies Donations Charitable activities Contracts for educational 5ervi¢es, grants, etc. - Activities in furtherance of the charity's objects Other trading activities Fundraising events Investment income 2,500 2,500 905 1,171,752 637,354 1,171.752 637,354 869,187 442,568 78,741 78,741 60,977 Total 1,811,606 78,741 1,890,347 1,373,637 Expenditure on: Raising funds Charitable activities 14,2681 (4,268) [4,677) 11,742,389) (1,706 766) {1,742,389) Total {1,742,389) 14,268) 11,746,657) (1,711,443) Net incomel[expenditure) before transfers Gr055 transfers between funds 69,217 74A73 143,690 (337,806J other recognised galnsllosses Fair value adju5tment5 on investment property Net movement In funds 69,217 74.473 143,690 f337.806J Reconcillation of funds Total funds brought forward 18 1214,614) 4,836,061 4.621,447 4,959,253 Total fund5 carried forward 18 (145,397) 4.910,534 4.765,137 4,621,447 The notes on page5 11 to 20fvrm on integral part of the5efinoncio1stotement5. Pa8e 8
DocJJsign Envelope ID: DFBC5201-3F09402&AF27-EB6EFC5CF7BO The B05co Centre Balance sheet as at 31 July 2025 2025 2024 Notes Fixed assets Tangible assets Investments 12 13 2,152,975 950,000 2,046,174 950,000 Total fixed a5setS 3,102,975 2,996.174 Current assets Debtors Investments Cash at bank and in hand 14 15 15&16 192,741 1.277,203 246,652 61,943 1,227,785 376,748 Total current assets 1,716.596 1,666,476 Llabllities Creditors: amounts falling due within one year 17 (54,4341 (41,203) Net current assets (liabilities) 1,662,162 1,625.273 Total assets le55 current liabilities 4,765,137 4,621.447 The funds ofthe charity: Unrestricted income funds General fund 18 (145,397) (214.614J Designated funds 18 4,910,534 4.836.061 Totsl charityfund5 4,765.137 4.621.447 The financial statement5 were approved by the Trustees on 2 Ottober 2025 and signed on their behalf by Do¢uSluned by.. Slgne¢J by.. . NrtsLIL B3E63146245847F... AC678FBgFODA4DD... Prirnrose Campbell Trustee Matthew Farrell Trustee The notes on poges 11 to 20form an integrol port of the5efinun¢iolstotements. Page 9
Do(>J5ign Envelope ID- DFBC5201-3F09402C-AF27-EB6EFC5CF780 The 8osco Centre ststement of cash flows For the year ended 3tst July 2025 2025 2024 Notes Cash flows from operating activities: Net income/lexpenditurel for the year las per the statement of financial activities) Adjustmentsfvr.. Depreciation charges Interest and rents from investments Decreaselllncreasel in debtors Increa5e/lDecreasel in creditors 143,690 (337,806J 12 44,892 178,741) 1130,798) 13,231 39.291 (61122J 14 17 4,179 Net cash provided by aperating activities (7,726) (273.963) Cash Ilows from investing activities: Interest and rents from investments Purchase of tsngible a55ets 78,741 1151,693) 61122 (52,074) Net cash provided by Investing activities 172,9521 9,(k18 Net decrease In cash and cash equivalents Cash and cash equivalents b/f 180,6781 1,604,533 [264,915) 1.869,448 Cash and cash equivalents at the end of the year 16 1,523,855 1.604.533 Pa8e 10
DorAJ5ign Envelope ID.. DFBC5201-3F09402C-AF27-EB8EFC5CF7BO The Bosco Centre Notes to the financlal statements for the year ended 31 July 2025 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 15 281 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 forthe yearto 31 July 2025. The financial statements forthe preceding year are for the year to 31 July 2024. Ac¢ounlTng policies The principal accounting policies are summarised below. The accounting policies have been applied con515tently throughout the year and the preceding year. 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 055et investments. They are also prepared in accordance with applicable accounting standards and the recommendations of the Charity Commission in "Accounting and Reporting by Charities- Statement of Recommended Practice applicable to charities preparing their occount5 in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffe¢tive l January 20191" and the Charities Act 2011. The financial statements are prepared in £ sterling, which is the functional currency of the entity, The charity constitutes a public benefit entity as delined by FRS 102. The trustees consider that there are no material uncertainDes about the charity's ability to continue as a going concern. Income All income 15 recogni5ed once the charity is entitled to the income, it is 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 quontified. Income 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 recognised when the performance has been achieved. Investment income 15 recognised on a receivable ba515. The value of Services provided by volunteers has not been included in these accounts. Expenditure Liabilitie5 are recognised as expenditure as soon a5 there is a le8al or constructive obligation committTng the charity to the expenditure. Expenditure is regnISed on an accrual basis a5 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
DooJsign Envelope ID.. DFBC52014F09402C4F27-EB6EFC5CF7BO The Bosco Centre Notes to the financial statements for the year ended 31 July 2025 .................... continued Expenditure (continued) Expenditure incurred on activities 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 apportroned on a reasonable, justifiable and consistent ba515 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 activities include running of the Day Nursery, Junior and After School Club, Youth Club and B05CO College. Support costs are those costs incurred directly in support of expenditure on the objetts of the charity. Governance costs comprise all costs involving public accountability of the charity and its compliance with regulation and good practice. These include costs related to audit, trustee expenses and legal fees. Irrecoverable VAT is charged against the expenditure heading for which it was incurred. Tangiblefixed a55ets and depreciation Depreciation 15 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, fitttngs and equipment IOYO reducing balance over the life of the a55et 25% reducing balance over the life of the a55etllO% 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 15 considered to have residual value not lower than costs. Penslons The pension costs charged in the financial statements represent the contribution payable by the charity during the year. The regular c05t of providing retirement pension5 and related benefits is charged to the SOFA over the ernployee5' service lives on the basis of a constant percentage of earning5. Foreign ¢urrencies Monetary asset5 and liabilitie5 denominated in foreign CurnCle5 are translated into sterling at the rates of exchange prevailing at the accounting date. Tran5artions in foreign currencies are recorded at the date of the transactions. All difference5 are taken to the SOFA. Flxed asset investment property The freehold investment property is recogni5ed at its fair value at the balance sheet date. Fair value gains and 1055es are taken to the 5tstement of financial activitie5 and Shown separately in designated funds. (f) Cash and cash equivalents Cash and cash equivalent5 includes cash in hand. deposits held at call with banks and building societies and other short-term highly liquid inve5tmentS. Current asset investments Current a55et investments are made up of fixed dep051t accounts held by the banks. Page 12
DorJJsign Envelope ID: DFBC5201-3F09402CAF27-EB6EFC5CF7BO The Bosco Centre Notes to the financial statements fortheyearended 31 Juty 2025.................... continued Donations Unrestrirted General funds Nursery & Clubs Apprenticeships Unrestrirted un$tritted General Designated funds funds Diamond Prolect & 2025 Total 2024 Totol Individuals 2,51]0 2,500 905 Contracts for educational servlces, grants and etc unstrICted General funds Nursery & Clubs Unrestrirted Unrestricted General Designated funds funds Diamond Projert 2025 Total 2024 Total Education Funding Agency London Bomu8h of Southwark High Needs Erant 16-19 Vulnerable Student Bursaries London Borough of Lewisham London Borough of Lambeth 870,852 870,852 710,154 244,775 2,400 244,775 Z,400 145,793 2.400 53,725 53,725 10,840 1,171,752 1.171,752 869.187 Actlvities in furtherance of the charty's objects Unrestricted General funds Nursery & Clubs Unrestrirted Unrestricted General Designated funds funds Diamond Projert 2025 Totsl 2024 Totol Southwark Council Nursery Free Early Education Grant 164.604 Nursery fees 297,213 164,604 297,213 91,844 293,701 461,817 461,817 28,900 88.1)00 18A69 900 loo 39,168 385,545 Grant from Department for Education Grant from Southwark Council Youth Centre subscriptions Housing - rental income Hall hire Boscoffee Z8,900 88,000 18,469 19.640 900 loo 39,168 150 37.233 480,286 157,068 637,354 442,568 * The above rental income is from surplus rooms in the "Convent" (freehold property used for the charity's charitable purpose51 which are rented out to individual tenants at reduced market rental. Page 13
Doojsign Envelope ID.. DFBC52014F09402CAF27-EB6EFC5CF7BO The Bosco Centre Notes to the financial statements for the year ended 31 July 2025.. . continued Investment Income Unrestricted General funds Nursery & Clubs Unrestrirted Unrestricted General Designated funds funds Dlamond Projert 2025 Totsl 2024 Total Interest receivablefrom.. Cater Allen I Manchester Building Society 2 Vir8in Monev 46,381 2.784 280 46,381 2,784 280 28,617 2,886 218 49,445 49,445 31,721 Incomefrom Investment property Rental income 29,296 29,296 29,256 78.741 78,741 60,977 The above intet receivable is from short term deposit5 Wlth 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 Unrestrirted General fund5 Nursery & Clubs Unrestricted Unrestricted General Designated funds fund5 Diamond Project 2025 Total 2024 Total Investment property - BOSCO Lodge: Rent, rates and service charge Repair5 and maintenance Depreciation on Lodge equipment Investment adviser'5 fees 1,821 870 1,821 870 1,726 1,060 615 1,276 736 736 4,268 4,268 4,677 Page 14
Docuslgn Envelope ID.. DFBC52014F09402C-AF27-EB6EFC5CF7BO The Bosco Centre Notes to the financial ststements fortheyear ended 31July 2025.................... continued C05t5 of activities In furtherance of the objerts of the charity Unrestrlcted General funds Nursery & Clubs Unrestrirted Unrestricted General Designated funds fund5 Diamond Project 2025 Totsl 2024 Total Staff cost5 (see note 91 340,019 Subcontrartors and supply teacherslsee note 91 4,126 Staff training Teaching supplies Youth club costs Light and heat Cleaning and waste management Consumable5, repair5 and maintenance Printing, postage and stationery Adverknsing and recruitment Telephone City & Guild Certificates. etc Insurances Travelling Outings and celebrations Legal and professional External reviewers and 5pe¢ialist staff IT and software cost5 Subscription5 Boscoffee Lunches and tea5 Trainee allowances General expen5e5 Health and safety Donations Depreciation IGainsl11055 on disposal of assets 885,253 748 10,512 9,801 1,225,27Z 1.230,393 4,874 5,870 10,512 9.379 16,226 13,523 28,799 31.193 38,400 30.548 3,714 3.637 30,720 27,154 21,225 16,605 6,573 6,688 2,060 4,367 26,612 20,288 11,083 10,051 9,693 10,087 5.878 3,840 6,425 28,799 11,520 1,857 7,680 5,306 3,287 1,030 26,880 1,857 Z3,040 15,919 3,286 1,030 26,61Z 5,541 7,754 2,939 5,542 1,939 2,939 I821 5,994 3,448 56,461 23,976 10,344 36,939 7,248 26,087 4,329 6,792 440 33,124 75,282 29,970 13,792 36.939 35,990 26,087 5,772 13,585 440 44.051 85,866 21.101 4.931 38,851 31,755 27,665 1,876 10,869 28,742 6,793 lQ,927 496.637 1.226,912 1,723,549 1.685.653 Governance costs Legal and profe55ional Auditors fee5- non audit work Auditors fee5- audit work 8,460 1,333 5,587 8N60 2,000 8,380 9.833 2.000 9.280 667 2,793 3,460 15,380 18,84Q 21,113 $00,097 1,242,292 1,742,389 1.706. 766 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 artlvities. This is calculated to have a c05t of £22,50012024 - £22,500>. The associated running expen5e5 such a5 light and heat etc. are calculated at £4,50012024- £4,500). Page 15
Doujslgn Envelopa ID: DFBC5201-3F09402C-AF27-EB6EFC5CF7BO The Bosco Centre Notes to the flnanclal statements forthe yearended 31July 2025.................... continued 8.1Continued) Costs of activities in furtherance of the objects of the charity: cornparative figures for 2024 Unrestrirted General funds Nursery & Clubs Unrestricted Unre5trirted General Designated fund5 funds Diamond Project 2024 Totsl Staff costs (see note 9) 293,159 Subcontractors and supply teachers Isee 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 Adverhsing and recruitment Telephone City & Guild Certificates. etc Insurances Travelling Outing5 and celebration5 Legal and professional External reviewer. legal and prof. fees IT and software costs Subscriptions Boscoffee Lunches and tea5 Trainee allowances General expenses Health and safety Donations Depreciation IGains)/ loss on di5P05al of assets 937,234 3,774 9,379 ,iio 1,230,393 5A70 9,379 13,523 31,193 30,548 3,637 27,154 16.605 6,688 4,367 20.288 10.051 10,087 3,840 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 IA07 5.434 85,866 21,101 4,931 38,851 31,755 27,665 1,876 10,869 440 38,676 27,034 469 5,435 13,491 25.185 441,622 1.244,031 1,685,653 Governance costs Legal and professional Auditor's fees - non audit work Auditor's fees - audit work 9,833 1,333 6,187 9,833 2,000 9,280 667 3,093 3,760 17,353 21,113 445,382 1,261,384 1,706,766 Page 16
Dowsign Envelope ID: DFBC5201-3F09402&AF27-EB6EFC5CF7BO The Bosco Centre Notes to the financlal statements forthe year ended 31 July 2025........-........... 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 2025 Number 18 2024 Number 15 18 43 40 Trustees 45 Year ended 2025 Year ended 2024 Charitable artivities Wages and salaries Social security costs Nest pension costs 1,106,935 1,106.935 96,942 96,942 21,395 21,395 1,008 698 84.535 137,160 Totsl staff costs Other costs.. Administrative support Diamond Project subcontractors and Supply teachers Nursery - Subcontractors and Supply staff College- Subcontractors and supply staff 1,225,272 1.225,Z72 1.230.393 748 75,282 4,126 748 75,282 4.126 1.800 85.866 2,096 1,974 Total staff costs (including subcontrartors & supply staffj 1,305,428 1,305,428 1,322,129 Two employee received remuneration above £60,000 per annum12024 - one). For disclosure on related party tran5attion5. please refer to note 20. Included within the salaries c05ts is £326,47512024 - £428.3331 which relates to the costs of key management personnel - 5 officers12024- 5 officer51. io. Pension costs The company operates a defined contribution pension 5¢heme in respect of the 2008 Pensions Act. The scheme and its assets a held by independent managers. The pension charge represents contributions due from the company and amounted to £21.39512024- £137,1601 and is included in wage5 and salarie5 COSt5 above. The rates applicable to the employees were 1% up to 5 April 2018, 3% up to 5 April 2019 and 5Yo UP to 5 April 2022. The rate5 applicable to the employer were 1% up to 5 April 2018, 2% up to 5 Aprtl 2019 and 3% up to 5 April 2022. At the year end £89412024 - £909 outstandingl of contributions were paid in advance. included in other creditors and accruals under creditor5 Wlthin one year in note 17. ii. Tamatlon All of the charity's income is applied for charitable purposes and therefore the charity is exempt from corporation tax. Page 17
Docusign Envelope ID.. DFBC52014F09402C-AF27-E86EFC5CF7BO The Bosco Centre Notes to the financial statements forthe year ended 31July 2025.................... continued Improvement to freehold property Fixture5, fittings and equipment 12. Tangible fixed assets Freehold Property Nursery playground Motor vehicles Total Cost At l August 2024 Additions Disposals 1,825,000 26,544 93,476 185,057 434,818 58.217 22,937 2A94,356 151,693 At 31 July 2025 1,825,000 120,020 185,057 493,035 22,937 2,646.049 Depreciation At l August 2024 On disposals Charge for the year 77,132 354,388 16.662 448,182 9,578 33,745 1,569 44,892 At 31 July 2025 86.710 388.133 18,231 493,074 Net bookvalues At 31 July 2025 1.825,000 120,020 98,347 104,902 4,706 2,152.975 At 31 July 2024 1.825,000 107,925 80,430 6,275 2.046 174 The freehold property has been included at its purchase price as at 4 September 2014. 13. Fixed asset Investment property Investment propertv Cost or valuatlon At l August 2024 and at 31 July 2025 950,000 Net bookvalues At 31 July 2025 950,000 At 31 July 2024 950,000 Hlstorical cost: As at 31 July 2025 237,688 Historical cost.. A5 at 31 July 2024 237,688 The above freehold investment property is located at 202 Rotherhithe Street. Thi5 property was revalued at 2019 by one of the trustees, Mr Matthew Farrell, who is a property management consultant. The tru5tee5 believe that valuation is 5ti11 reasonable and no further adjustments will be required for 31 July 2025. Pa8e 18
Docusign Envelope ID.. DFBC5201-3F09402C-AF27-E86EFC5CF7BO The Bosco Certre Notes to the financial statements for the year ended 31 July 2025.............-...-.. continued Debtors 2025 2024 Trade debtor5 Other debtor5 Prepayments and accrued income 175247 459 17.035 33,532 433 27,978 192.741 61,943 15. Current asset investments 2025 2024 Bank/ building society and other deposits 1,277.203 1,227,785 16 Cash and cash equivalents 2025 2024 Bank/ building society and other deposits Cash at bank and in hand 1,277,203 246,652 1227.785 376,748 1,523,855 1,604,533 17. Creditors: amounts falling due within one year 2025 2024 Pension payable Other taxes and social security Costs Other creditors Accruals and deferred income 1894) 24,043 33,030 11,7451 (909J 12,633 33,030 (3,551) 54A34 41,203 18. Unrestrirted income funds General lunds (214,614) 1.811,606 (1,742,389) Designated Total funds funds 4,836,061 4,621,447 78.741 1.890,347 14,268) 11.746,657) l August2024 Income Expenditure Fair value adjustments Transfers 31 July 2025 (145.397) 4,910,534 4.765,137 Purposes of unrestricted funds The unrestricted general fund comprises funds which the trustees are free to use in accordance with the charitable objects. The unrestricted designated fund ha5 been 50 designated at the discretion of the trustee5 in order to separate the fixed asset investment property and the current a55ets. Page 19
Docajsign Envelope ID.. DFBC5201-3F09402C-AF27-EB8EFC5CF7BO The Bosco Centre Notes to the financial ststements forthe year ended 31 July 2025................ continued 19. Anatysls of net assets between funds Unrestrirted General funds Unrestrirted Deslgnated funds Total Unrestricted funds Fund balance5 at 31 July 2025 are represented by: Tangible fixed assets Investment assets Net current assets Current liabilities 2,152,975 950,000 1,807.559 2,152,975 950.000 1,716,595 154A33) (90,9641 (54,4331 (145,3971 4,910,534 4,765.137 20. Related party transacilons There were no related party transactions in the year {2024- None). No trustee5 received any remuneration or reimbursement of expen5e5 for the current or previous year. Pa8e 20