REGISTERED NUMBER: 00118581 (Englartd W8lu) UNAUDITED FIP4ANCIAL STATKMENTS FOR THE YEAR F.NDED 31 MARCH 21122 BEI DFORD STREET COMMUNITY COMPANY S P Kell ChaTtered Accoitntants Unit 7a Lon Par¢wT Busine&5 Park RJthin Denbigyh5hire LL15 INJ
BEDFORD STREET COMMUNITY COMPANY LTD COIYTENTS OF THE FINANC.IAL S"I'A"I'EMENts FOR THE YEAR EINDED MARCII 2U22 Page Incom¢ St4teJNent BAl8n¢¢ Sli¢et Charter¢d Aecountant8' Report Delfilled Incorn¢ Expenditure Aceoutht DetAiled Bnlaxee Slieel
BEDFORD STREET COMMUNITY COMPANY LTD INCOMI STATEmErr FOR THE VEAR ENDED 31 MARCH 2022 31.3.22 31.3.21 TURNOVER 198.644 184,299 Cost of raw Jnaterials and cottsumables {8.823) (8,253) Siaff costs 1125,945) 1104,325) Depreciation ond other amounts written off assets (2,676) (2,315) Other ¢harges {37,2601 13.3.520) Taxation SURPLUS 23.940 35,886 Page I
BEDFORD STREET COMMUNrrY COMPANY LTD REGISTERED NUJMBER,. 06118581 BALANCE SHEET 31 MARCH 2022 31.3.22 31.3.21 FIXED ASSETS 20.010 7,712 CURRENT A&SETS 56.181 101,542 CREDITORS AmuuiJ¢s falling due within one year 157,003) NET CURREIYT ASSETS 56,181 44.539 TOTAL ASSETS LESS CURRENT LIABILITIES 76,191 52,251 RESERVES 76.191 52,251 r4oTES TO THE FINANCIAL STATEMENTS STATtrtORY INFORMATION Bedford Street Conimunity Company Ltd is a private company, limited by guarai)tee, ie8iStered in England and Wales. The company's registered number and rebTisiered offsce address are as below.. Registered number: 06118581 Registereil office: The Foiyd Centre The Old Chuirh Princes Street Rhyl Denbighshire LL18 ILE AVERAGE NUMBEROF EMPLOYEES Th¢ aver8ge number of employees during ihe year was 7 {2021- 7}. The company is entitled to exemption from audit under Secti1 477 of Ilie CoRipanie5 Act 2006 for the year ended J l Mah 2022. The members have not requiyed the conipany to obtain an audit of ils financial stateinents for Ihe yr ended 31 March 2022 in accordance with SeGlion 476 of the Companies A¢1 2006. The diTectors ackftowledge their responsibilities for.. (a} ensuring that the ¢omp8ny keeps accounting Tecords whith Gomply with S¢ctions 386 and 387 of tl)e Companies Act 2006 and (bl prepa¥ing finan¢ial statem¢nts which gEve a truB and fair view of the st&te of affairs of Ilie eompany as al the end of each financial year and of its 5urpliis or deficit foi. each finai)cial yeai. in accordance with the requirenieiits of Section5 394 and 395 and which otheiTrvi5e comply witli tli¢ requiiwM¢iits of Coimpanies Acl 2006 relating to financial stateinellts, so faT as applicable to ihe ¢oinpany. P&ge 2 ¢onlinued...
BEDFORD STREET COMMUNITY COMPANY LTD REGISTERED NUMBEIR: 06118581 BALANCE SHEET- corttinued 31 MARCH 2022 The financial statements hav¢ b¢en prepared in accordance with Ihe Ini¢ro-¢n¢ity provi51011S. The financial statemen15 were approvrd by the Board of Directors and authorised for issue oli 19 Decembei. 2022 and were signed on its behalf by.. Ms K L Davies- Dif¢Ctor Page 3
CHARTERED ACCOUNTANTS, REPORT TO THE BOARD OF DIRECTORS OY THE UNALDITEID FINANCIAL STATEI MENTS OF BEDFORD STREET COMMUNITY COMPANY LTD In order to assist you to fijlfil your duties under the CompanE¢s Act 2006, we have prepared foi. your approval the fiiiancial statements of Bedford Street Commuiiity Cojiipany Ltd for the year ended 31 March 2022 wliich comprise the Income Statement, Balance Sheet and the related notes fi.om the conipany's accountit)g records and fi'om inforination and explanati you have 8iv¢n us. As a praGti5ing member firm of the IM5titute of CharteiEd Accountants in England and Wales (ICAEW). we are subject to 115 ¢tlii¢al and other professional requiretneii15 wl)ich are delailed within the ICAEW'S Tegulations aiid giiidance at http.-Ilwww.i¢a¢w.conVenlmembeishiplregulations-Standards-aTrd-guidanc¢. This rew>rt is Iade solely to the Board tsf Directors of Bedford stre conUnitY Company Ltd, as a body, iii accordance with our temis of engagemeril. Our work has been undertakeii sulely to prepare for your approval the fiiiaiiLial stèleiiients of Bedford Street Community Coinpany Ltd and state Éhose malteis ihat we have agreed to state lo the Boai'd of Director8 of Bedford Street Coihmuility Company Ltd. a5 a b(Kiy, in this report in accordance witli ICAIW Techiiical Relea5¢ 07116AAF. To the fullest extent permitted by law. do not accept or assume iespon5ibility to anyone other than Bedford Street Community Company Ltd and its Board of Directors. as a body, foi. oui. work or foi. this Yeport. It is your duty to ensure that Bedfoiml Street Coinmunity Compaiiy Ltd has kept adequate accoullting record5 to prepare statutory financial slatements Ihkt give a true and fair view of Il)e assets. liabilities, fjnancial positioii and profit of Bedford Str¢¢t Community Company Ltd. You Consider that Bedford Street CO1ME1R11Y Company Ltd is exeinpt fi'oim the statutory audit requirement for the year. We have iiot been instructed to caTry Out an audit or o r¢view of the finan¢ial slal¢m¢nts of Bedford Street Cominunity ConTrpany Ltd. For ihi5 IEason, WE have not verified the accuracy OT complettnes5 of the &ccounting records or inforniatio and explanations you have givErt us and we do nol. Ih¢r¢fore, expir5s any opinion on Ihe slalulory financial slalemenls. S P Kell Chailer¢d Accountants ut 7& IA)n PaTcwr Bu5ine5s Park Ruihi Denbighshire LLIS INJ 19 December 2022 This page does not foi'm part of the statulory financial stal¢m¢nts Page 4
BEDFORD STREET COMMUNITY COMPANY LTD DETAILED INCOME AND EXPENDITURE ACCOUNT FOR TIIE YKARENDED 31 MARCH 2022 31.3.22 31.3.21 Turnover Shop takings Vchicle & cafu takings Grants and donations 5.450 1.509 191.685 11,865 172,434 198.644 184.299 Cost of sAles Purthases 8.823 8,253 GROSS SURPLUS 189,821 176,046 E%pendlture Reni Rates and wdt¢v Insurance Light and heat Wages Pensions Tel¢phon¢ Post and stationery Adveitising & promotion Motor ¢xpen5e5 Repatts aiid r¢wtEwals Sundry expejtses Training Accountancy Professional fees 8,886 610 3.459 4,294 118,445 7,500 1,265 1,406 11.700 619 1,251 3,649 99.360 4.965 1.512 1,642 177 3,745 7.520 337 42 540 786 3,430 10,539 656 264 660 602 163,182 137,845 26,639 38.201 FiD4nce cost$ Bank char8es 23 26,616 38.201 Depreciatto FÈxtllrcs and fittings Motor vehicle5 Computer equipm¢nt 2,331 2,383 962 1,542 5,676 2,315 Carried forward 20,940 35,886 This pag¢ does not forn) payt of tlie 5tatulory financial 5taternents Page 5
BEDVORD STRECIT COMMUNITY COMPANY LTD DETAILED INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2022 31.3.22 31.3.21 Brought forward 20,940 3S,886 Profit on dispDsal of fixed 4s5Qt5 Motor vehicles 3.000 IYET SURPLUS 2.3,940 35,886 Tliis page doe5 nol foi'm pari of tlie 5tatuti)ry fitiaticial 51ateTnents Page 6
BEDVO D STREETCOMMUNITY COMPANY LTD DET HE ILED RAI.ANCL SHEET R bNDED 31 MARCH 2022 FOR 31.3.22 31.3.21 FIXF.I) ASSL-I'S Fixtures aTJd fittings Motor vehiGle5 Computer ¢quipm¢nt 9,324 9,534 6.167 1.545 20,010 7,712 CURRENT ASSETS Baiik acLouiit no. I 56,181 101.542 CREDITORS Amount5 falling due witliin one yewr Restricte41 income 157,003} NET CURRKPIT ASSETS 56,181 44.539 TOTAL ASSETS LKSS CURRENT LIABILITIES 76.191 52,251 NET ASSETS 76.191 52,251 RESERVES Income and expenditure a¢counl 76,191 52,251 TliÉs page does not f017n part of tlie slatutoiy finai)cial stotEmEnt5 Page 7
Independent Examlner's Roport to the Trustees of Bedford Street Community Company Ltd {'the Company,) I report lo the charity Iruslees on my examination of the accounls of the Company for the year ended 3131 March 2022. Re5ponslbllltles and basis of report As Ihe charity's trustees of Ihe Company (and also its directors for the purposes of company lawl you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 {'Ihe 2006 Act'l. Having satisfied myself that the accounts of the Company are not fequired lo be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section fj45 of the Charities A¢1 2011 I'the 2011 Acl'l. In carrying out my examination I have followed the Directions given by the Charity Commission under sectlon 145{5) (b) of the 2011 Act. Independent examlner's ststement I confirm that l am qualified lo undertake the 8xaminalion because l am a member of the Institule of Chartered Accountanls in England and Wales, which is one of the listed bodies. I have Completed my examination. I Confi that no mallers have come to my attention in connection with the examinalion giving me cause to believe.. 1. accounting records were nol kept in respect of the Company as required by section 386 of the 2006 Act., or 2. the accounts do not accord with those records., or 3. the accounts do not comply with the accounting iequiremenls of section 396 of the 2006 Act other than any requirement that the accounts give a 'lrue and fair view which is nol a matter considered as part of an independent examination,. or 4. the accounts have nol been prepared in accordance with the melhDd8 and principles of the Statement of Recommended Practice for accounting and reporting by charities lapplicable to charilies preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 105)]. I have no Goncerns and have come across no other mallers in connection with the examination to which altenlion should be drawn in this report in order to enable a proper understanding of the 2ccount5 to be reached. Steven Paul Kell FCA SP Kell Ltd Chartered Accountants Unit 7a Lon Parcwr Business Park Rulhin Denbighshire LL15 1NJ 19th December 2022 Steven g(etrfcA JVfpif£tl. VNit Tfj, £oJiQAnyiyr(BiisiiwsJ ffjit(Itii L£J5 ISVJ,. Coyo.. 084311.1.1
Trustees Annual Report 2021/2022
Bedford Street Community Company Ltd
Bedford Street Community Company Limited (A company limited by guarantee) Financial Statements For the Year Ended 31 March 2022
Contents - Legal and Administrative Information - Report of the Management Committee - Statement of Financial Activities Balance Sheet Notes forming part of the financial statements.
Report of the Management Committee for the year ended 31 March 2022
The Management Committee presents its directors’ report and independently examined financial statements for the year ended 31 March 2022.
Reference and Administrative Information
Charity Name: Bedford Street Community Company Ltd. Charity registration number: 1177026. Company registration number: 06118581 Registered Office and operational
address: Foryd Centre, Princes Street,Rhyl LL181LS.
Management Committee – Ms Nicola Jones Chair, Ms Katie Davies Treasurer, Mr J Teague Secretary, Mr T Lyndley- Jones Trustee. Accountants – Mr S. P. Kell Unit 7a, Lon Parcwr, Ruthin LL15 1NJ
Our charity’s purposes as set out in the objects contained in the company’s memorandum of association are:
Our Aims and objectives
To further or benefit the residents of Rhyl and the surrounding area, without distinction of sex, sexual orientation, race or of political, religious or other opinions by associating together the said residents and the local authorities, voluntary and other organisations in a common effort to advance education and to provide facilities in the interests of social welfare for recreation and leisure time occupation with the objective of improving the conditions of life for the residents and The prevention and relief of poverty and financial hardship in Rhyl and the surrounding area,
Our aims fully reflect the purposes that the charity was set up to further.
Ensuring our work delivers our aims.
We review our aims, objectives and activities each year. This review looks at what we achieved and the outcomes of our work in the previous 12 months. The review looks at the success of each key activity and the benefits they have brought to those groups of people we are set up to help. The review also helps us ensure our aim, objectives and activities remained focused on our stated purposes. We have referred to the guidance contained in the Charity Commission’s general guidance on public benefit when reviewing our aim and objectives and in planning our future activities. In particular, the trustees consider how planned activities will contribute to the aims and objectives they have set.
How our activities deliver public benefit.
The focus of our work remains to provide benefit and money advice to the local community, to support clients with finding employment by providing advice, support and guidance with employment searches, applications and CVs, to offer good quality work experience and volunteering opportunities, to provide food support for those facing food insecurity, to provide a community transport and lunch club facility for our older clients and to have a community café that is a warm and welcoming social hub of the community.
Amount of persons using the centre.
From April 2021 to April 2022, the number of persons accessing the centre has increased from 4500 – 7,450 The increase appears to be due to the reduction in the amount of time spent in lockdown and the huge increase in demand for our services.
Employment advice and training.
We have provided advice on employment and training mainly via face to face appointments this year and have not been quite as dependant on Skype or Zoom. We
have tried to deliver support to those seeking employment by providing regular updates on our website re new job listings and training courses and have been able to offer accredited training courses on Level 1 and 2 Food Hygiene, Allergen Awareness and Customer Service Level 1via our new Community Bakery.
.
Benefits and Money Advice.
The demand for our Benefit and Welfare advisor services has grown significantly. Our advisor has been mainly helping clients with Personal Independence claims, Pension Credits,discretionary payments and personal grants. We have managed to provide these appointments on a face to face basis and have trained several volunteers to deal with basic claims such as Universal Credit. Over this period we have provided support to over 750 individuals and successfully claimed over £480,000 in benefits for local people.
Food Bank
Our last year from March 2021 to beginning of April 2022 has been extremely challenging for our food bank with referrals up by over 380%. People have been struggling due to loss of or reduction in income due to the Pandemic and the rise in the cost of living. A great deal of our resources have gone to supporting those formerly homeless who have been given temporary accommodation. This has proved challenging as most are now living in local hotels where there are limited cooking options and many have only a kettle. We secured extra funding to supply them with toasters, crockery and cutlery as well as suitable food items. Referrals are still on the increase and we now have at least 15 agencies referring their clients to us. At Christmas we secured funding to supply 100 Christmas Hampers to the local community and provided toys for 85 families. Referrals came from local councillors, older persons groups, social services, family support services and housing associations.
Meals on Wheels
Our volunteers had been providing over 450 free meals per week for those residents who were self isolating and have difficulties obtaining shopping and disabled or vulnerable residents who struggle to cook for themselves. Funding to provide this service finished at the end of December and with the return to a more normal service delivery we no longer had the capacity to run this project. We have tried to support service users by promoting the £1.00 meals in the Community Cafe and providing reduced fares on Community Transport for those attending lunch clubs. We are also providing a takeaway/delivery service on the days when the Café operates for more vulnerable local residents.
Community Café.
Footfall in the café has increased and is up by approximately 70% from 2020/21. To combat the rise in food poverty and the increasing cost of living, we started a £1 Lunch Club every Wednesday – this is open to all and is widely used by families, older persons and those living in hostels and other temporary housing. We still offer our £1 breakfast on Thursdays and Fridays and these remain to be popular. The café is still only open 3 days per week. It has been decided that this method of delivery works best for the staff and volunteers as they have sufficient time to prepare food ready for service and also to use one day for cleaning and training.
Community Transport.
Funding was received to continue this project for 2021/22 and we hope that this will continue for the following year. The funding is for approximately £10,500 which pays the salary of a part time driver. The minimal charges applied fund the insurance, fuel and repairs of the vehicle. The number of journeys increased to 4,800 in 2021/22. This can be attributed mainly to the return to normality after the Pandemic.
Volunteers
We now have over 30 volunteers who work at the centre on a regular basis. The majority of those who had to suspend their involvement due to Covid have returned and we have managed to recruit additional new volunteers for reception, foodbank and community café. We now have a dedicated volunteer coordinator who focuses on recruitment and training which has helped to bolster the number of volunteers and to provide a comprehensive training programme.
Community Outreach
The funding for our Community Information Bus finished in March 2022 and as no further funding was available, we had to take the decision to finish the project. We provided leaflets and contact details for all previous users of the service, community centres, housing organisations and councillors to ensure that we can still provide some support to those living in rural areas. In exceptional circumstances our Benefits Adviser will make home visits.
Accounts Accounts to March 31[st ] 2022 are provided with this annual report and have been accepted by the Trustees on 13[th] January 2023.
Financial Review
The majority of monies received by the organisation is in the form of grant funding and is restricted funding.
We receive £35,000 annually from Henry Smith Charity as funding for project manager and other core costs, £10,500 for the salary of the Community Transport driver and running costs for the Community Vehicle, £76,500 per annum from The National Community Lottery for the Community .The remaining funding comes in the form of smaller grants, many of which were directly related to providing services to deal with Cost of Living issues. There has been an increase in the income generated by the Community Cafe and a slight reduction in the income generated by Community Transport mainly due to the higher cost of fuel.
Investment Policy
Aside from retaining an amount in reserves each year, equivalent to 6 months running costs, most of the charity’s funds are to be spent in the short term so there are no funds for long term investment
Reserves Policy
The Charity has a larger reserve of £76,191 this year, a percentage of which will be used to cover the structural repairs to the building that have been identified by landlord Clwyd Alyn and to develop new projects that are deemed of community benefit due to the impact of the cost of living crisis on the local community. Structure
The organisation is a charitable company limited by guarantee, incorporated on 20[th] February 2007 and registered as a charity on 8 6[th] February 2018. The company was established under a Memorandum of Association which established the objects and powers of the charitable company and is governed under its Articles of Association. In the event of the company being wound up members are required to contribute an amount not exceeding £1.
Recruitment and Appointment of Management Committee
The directors of the company are also charity trustees for the purposes of charity law and under the company’s Articles are known as members of the Management Committee. Under the requirements of the Memorandum and Articles of Association
the members of the Management Committee are elected to serve for a period of three years after which they must be re-elected at the next Annual General Meeting. All member of the Management Committee give their time voluntarily and received
no benefits from the charity. Any expenses reclaimed from the charity will be set out in the accounts.
Future Plans
The charity has been successful in obtaining a grant of £216,000 over 3 years to develop a Community Bakery based in the premises on Abbey St, Rhyl. The project will provide training and work experience for people with learning disabilities, mental health issues, long term unemployed and young people not in employment or education. The project will address barriers to employment, low skills and lack of confidence and will provide full time employment for staff. We employed a Baker and Project Manager in December who have been working to set up the project and Use Your Loaf Community Bakery opened on 8[th] March 2022.
Other
The Trustees would like to thank all the volunteers, without whom the Foryd Centre would be unable to deliver such welcoming, caring and much needed services.
Signed on behalf of the Board of Trustees
13/01/2023Signed ……NICOLA JONES
(CHAIRPERSON)………………………………..
Signed……FIONA DAVIES (PROJECT
MANAGER)……………………………