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# **BRADFORD ORGANIC COMMUNITIES SERVICE LTD**
# **ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023**
**Company Registration No. 05042246 (England and Wales)**
**Charity Registration No. 1188290**
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## **BRADFORD ORGANIC COMMUNITIES SERVICE LTD**
## **LEGAL AND ADMINISTRATIVE INFORMATION**
**Trustees** Mr N Hussain Mrs J Hulse Mr F Dockerill Mrs T Isherwood Miss A Leary Appointed 31 May 2022 Mr W Ahmed Appointed 29 April 2022 **Secretary** Ms J White **Charity number** 1188290 **Company number** 05042246 **Principal address** Unit 1a9 Carlisle Business Centre 60 Carlisle Road Manningham Bradford BD8 8BD **Registered office** Unit 1a9 Carlisle Business Centre 60 Carlisle Road Manningham Bradford BD8 8BD **Independent examiner** Alison Whalley FCA Azets Audit Services Ltd Carlton House Bradford BD1 4NS **Bankers** Co-operative Bank plc PO Box 250 Delf House Southway Skelmersdale WN8 6WT
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## **BRADFORD ORGANIC COMMUNITIES SERVICE LTD**
## **CONTENTS**
||**Page**|
|---|---|
|Trustees' report|1 - 3|
|Independent examiner's report|4|
|Statement of financial activities|5|
|Balance sheet|6|
|Notes to the financial statements|7 - 20|
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## **BRADFORD ORGANIC COMMUNITIES SERVICE LTD**
## **TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT)** _**FOR THE YEAR ENDED 31 MARCH 2023**_
The trustees present their report and financial statements for the year ended 31 March 2023.
Bradford Organic Communities Services Ltd is also referred to as BOCS Ltd.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's Memorandum and Articles of Association, the Companies Act 2006 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)".
## **Objectives and activities**
The charity's objects are the protection and preservation of the environment for the public benefit by:
- The promotion of waste reduction, reuse, reclamation, recycling, use of recycled products.
- Partaking in national and community schemes and projects for recycling and reusing materials, components and resources.
BOCS Ltd supports communities in need and delivers services of enviornmental and social benefit including re use and recycle activities. All activities encourage volunteering and skill development aiming to improve health and wellbeing for all ages.
The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.
## **Achievements and performance**
BOCS has found the year 2022 – 2023 a very busy and challenging year with a lot of good projects delivered. The start of the financial year saw the winding down of COVID related services and a relaxation of the strict guidance leading to an increase in confidence in attending groups and in volunteering. The Kickstart project drew to an end very early in the financial year. This had been an excellent project for BOCS with fourteen young people employed 30 hours per week for six months as part of the project. We will very much mix the input from these young people and would take this opportunity to thank all of them for their hard work and for their contribution.
BOCS has been able to purchase equipment for both Wibsey and RePaint throughout the year. BOCS has invested in shelving and work clothes for RePaint which has improved the site appearance and will hopefully help to improve sales. BOCS has invested in improvements to the potting shed at Wibsey for storage of items for Scrap Magic, for irrigation in tunnels one and two and a hot propagator and hanging tables for seedlings. A new path has been built at Wibsey connecting the existing concrete paths towards the bottom of the fruit bays and a new shed has been installed to store bee equipment close to the apiary. The Forest school area has been developed and is amazing. This has been used in partnership with local primary schools and with the literacy trust to provide sessions for local young people. BOCS has installed ‘Buggingham Palace’ a new large insect hotel in the forest schools area which has been a great hit with the young people fascinated by all the different insects. BOCS has advertised on Neighbourly and has held regular corporate days at both Wisbey and RePaint. These days bring an eager team very excited to make a difference in their scheduled volunteer days. After the teams have attended there is always a strong impact and we hope to continue these days. BOCS has delivered chutney and jam making sessions. Wreath making sessions at Wibsey and also marmalade making sessions. These have been a great hit locally with people enjoying developing these skills.
BOCS has had some success with applications for grant funding and has successfully delivered a number of projects with our team of staff, volunteers and Board members. The team bring a strong mix of skills and experience and we thank everyone for their contribution delivering what is a complex mix of services and opportunities. The overall aim of reuse, renew and recycle leads the team approach and we aim to improve health and wellbeing for everyone attending our sites. BOCS looks forward to the next year and to continuing our offer.
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## **BRADFORD ORGANIC COMMUNITIES SERVICE LTD**
## **TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2023**_
## **Fundraising**
Section 162a of the Charities Act 2011 requires charities to make a statement regarding fundraising activities. The legislation defines fundraising as ‘soliciting or otherwise procuring money or other property for charitable purposes’. The charity does not actively raise funds from the public either directly or via use of an agent, accordingly no such amounts are presented in the financial statements for the year under review. The charity has received no complaints in relation to fundraising activity for the year under review.
Given the nature of the funding of the charity the Trustees consider that it remains appropriate not to be voluntarily bound to be regulated by the Fundraising Regulator.
## **Financial review**
The income for the year amounted to £174,883 (2022 £219,321) with expenditure of £174,394 (2022 £243,020) resulting in a income of £489 (2022 deficit £23,699).
It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to three months expenditure (£44.000). The trustees considers that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charity’s current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has not yet been reached. The trustees are working to develop funding to meet this target.
The reserves are to be spent in an emergency and only with the full agreement of all Board members.
The unrestricted, undesignated funds held at the year end amounted to £30,937 (2022 £63,982).
The trustees have assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.
BOCS have recognised the challenge of delivering services following the Covid 19 crisis. All our activity has been risk assessed to ensure that we are operating in a safe way for our team of staff and volunteers and for people accessing our services. BOCS has reviewed the draft budget for the year and adjusted this to ensure financial viability.
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## **BRADFORD ORGANIC COMMUNITIES SERVICE LTD**
## **TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2023**_
## **Structure, governance and management**
The charity is a company limited by guarantee registered in England and Wales on 12 February 2004.
The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:
Mr N Hussain Mrs J Hulse Mr F Dockerill Mrs T Isherwood Miss A Leary (Appointed 31 May 2022) Mr W Ahmed (Appointed 29 April 2022)
If the Board agrees that it requires additional trustees then this opportunity would be advertised with a specification provided detailing BOCS activities and any particular skills that are being sought. If there are a number of applicants then an interview process would be held with existing Board members. A recommendation would then be made to the full Board. Trustees are encouraged to take advantage of the training provided in the district.
None of the trustees has any beneficial interest in the company. All of the trustees are members of the company and guarantee to contribute £1 in the event of a winding up.
Indemnity insurance is included in the insurance costs.
The charities decisions are made by the Management Committee with day to day running being the responsibility of the Chief Executive Officer supported by the Operations Manager.
This report is prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
The trustees' report was approved by the Board of Trustees.
## **Mr N Hussain**
Trustee Dated: 15 November 2023
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## **BRADFORD ORGANIC COMMUNITIES SERVICE LTD**
## **INDEPENDENT EXAMINER'S REPORT**
## **TO THE TRUSTEES OF BRADFORD ORGANIC COMMUNITIES SERVICE LTD**
I report to the trustees on my examination of the financial statements of Bradford Organic Communities Service Ltd (the charity) for the year ended 31 March 2023.
## **Responsibilities and basis of report**
As the trustees of the charity (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 (the 2006 Act).
Having satisfied myself that the financial statements of the charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the charity’s financial statements carried out under section 145 of the Charities Act 2011 (the 2011 Act). In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
## **Independent examiner's statement**
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
- 1 accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act; or
- 2 the financial statements do not accord with those records; or
- 3 the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
- 4 the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.
Alison Whalley FCA Azets Audit Services Ltd
Carlton House Grammar School Street Bradford BD1 4NS
Dated: 15 November 2023
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## **BRADFORD ORGANIC COMMUNITIES SERVICE LTD**
## **STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT**
## _**FOR THE YEAR ENDED 31 MARCH 2023**_
|**Unrestricted**
**Restricted**
**funds**
**funds**
**2023**
**2023**
**Notes**
**£**
**£**
**Income from:**
Donations and legacies
**2**
2,012
87,970
Charitable activities
**3**
82,613
2,288
**Total income**
84,625
90,258
**Expenditure on:**
Charitable activities
**4**
75,779
98,615
**Net incoming/**
**(outgoing) resources**
**before transfers**
8,846
(8,357)
Gross transfers between
funds
(41,981)
41,981
**Net (expenditure)/income for**
**the year/**
**Net movement in funds**
(33,135)
33,624
Fund balances at 1 April
2022
64,072
24,719
**Fund balances at 31**
**March 2023**
30,937
58,343|**Total Unrestricted**
**Restricted**
**funds**
**funds**
**2023**
**2022**
**2022**
**£**
**£**
**£**
89,982
22,300
84,649
84,901
112,372
-
174,883
134,672
84,649
174,394
100,970
142,050
489
33,702
(57,401)
-
(699)
699
489
33,003
(56,702)
88,791
31,069
81,421
89,280
64,072
24,719|**Total**
**2022**
**£**
106,949
112,372
219,321
243,020
(23,699)
-
(23,699)
112,490
88,791|
|---|---|---|
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.
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## **BRADFORD ORGANIC COMMUNITIES SERVICE LTD**
## **BALANCE SHEET**
## _**AS AT 31 MARCH 2023**_
|**Notes**
**Fixed assets**
Tangible assets
**9**
**Current assets**
Stocks
**10**
Debtors
**11**
Cash at bank and in hand
**Creditors: amounts falling due within**
**one year**
**12**
Net current assets
**Total assets less current liabilities**
**Income funds**
Restricted funds
**13**
Unrestricted funds
Designated funds
**14**
General unrestricted funds|**2023**
**£**
1,500
8,846
27,887
38,233
(4,296)
-
30,937|**£**
55,343
33,937
89,280
58,343
30,937
89,280|**2022**
**£**
1,200
1,896
29,961
33,057
(2,640)
90
63,982|**£**
58,374
30,417|
|---|---|---|---|---|
|||||88,791|
|||||24,719
64,072|
|||||88,791|
The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 March 2023.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the Trustees on 15 November 2023
Mr N Hussain **Trustee**
## **Company registration number 05042246**
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## **BRADFORD ORGANIC COMMUNITIES SERVICE LTD**
## **NOTES TO THE FINANCIAL STATEMENTS** _**FOR THE YEAR ENDED 31 MARCH 2023**_
## **1 Accounting policies**
## **Charity information**
Bradford Organic Communities Service Ltd is a private company limited by guarantee incorporated in England and Wales. The registered office is Unit 1a9 Carlisle Business Centre, 60 Carlisle Road, Manningham, Bradford, BD8 8BD.
## **1.1 Accounting convention**
The financial statements have been prepared in accordance with the charity's Memorandum and Articles of Association, the Companies Act 2006 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)". The charity is a Public Benefit Entity as defined by FRS 102.
The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
## **1.2 Going concern**
At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
The Trustees have considered and adjusted budgets to ensure financial viability through the cost of living crisis.
## **1.3 Charitable funds**
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.
Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.
Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity.
## **1.4 Income**
Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.
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## **BRADFORD ORGANIC COMMUNITIES SERVICE LTD**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2023**_
## **1 Accounting policies**
## **(Continued)**
## **1.5 Expenditure**
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably.
Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.
Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to the expenditure. All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category.
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. it includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
## **1.6 Tangible fixed assets**
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Fixtures and fittings 20% straight line Computers 20% straight line Motor vehicles 20% straight line
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.
## **1.7 Impairment of fixed assets**
At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).
## **1.8 Stocks**
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition. Items held for distribution at no or nominal consideration are measured the lower of replacement cost and cost.
Net realisable value is the estimated selling price less all estimated costs of completion and costs to be incurred in marketing, selling and distribution.
## **1.9 Cash and cash equivalents**
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
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## **BRADFORD ORGANIC COMMUNITIES SERVICE LTD**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2023**_
## **1 Accounting policies**
## **(Continued)**
## **1.10 Financial instruments**
The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
## _**Basic financial assets**_
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
## _**Basic financial liabilities**_
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
## _**Derecognition of financial liabilities**_
Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.
## **1.11 Employee benefits**
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
## **1.12 Retirement benefits**
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
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## **BRADFORD ORGANIC COMMUNITIES SERVICE LTD**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2023**_
## **2 Donations and legacies**
|**Unrestricted**
**Restricted**
**funds**
**funds**
**2023**
**2023**
**£**
**£**
Donations and gifts
1,012
-
Listed below
1,000
87,970
Donated goods and
services
-
-
2,012
87,970
**Grants receivable for**
**core activities**
Bradford Metropolitaln
District Council Kickstart
-
-
Groundworks
-
375
The Power to Change
-
18,000
Leeds Community
Foundation
-
-
Anchor
-
5,000
Bradford Metroplolitan
District Council
-
12,070
Marks and Spencer
1,000
-
European Social Funds
-
20,868
National Lottery
Community Fund
-
25,000
Co op Local
Communities Fund
-
2,157
Virgin Media O2 Together
Fund
-
-
Clean Air Zone
-
4,500
1,000
87,970|**Total**
Unrestricted
Restricted
funds
funds
**2023**
2022
2022
**£**
£
£
1,012
1,000
-
88,970
21,000
84,649
-
300
-
89,982
22,300
84,649
-
21,000
-
375
-
1,125
18,000
-
25,952
-
-
10,000
5,000
-
-
12,070
-
30,624
1,000
-
-
20,868
-
15,948
25,000
-
-
2,157
-
-
-
-
1,000
4,500
-
-
88,970
21,000
84,649|Total
2022
£
1,000
105,649
300|
|---|---|---|
|||106,949|
|||21,000
1,125
25,952
10,000
-
30,624
-
15,948
-
-
1,000
-|
|||105,649|
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## **BRADFORD ORGANIC COMMUNITIES SERVICE LTD**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2023**_
## **3 Charitable activities**
|Sales within charitable activities
Performance related grants
Recycling credits
Charitable rental income
Analysis by fund
Unrestricted funds
Restricted funds
**Performance related grants**
Bradford Metropolitan Council|**2023**
**£**
51,331
15,677
17,893
-
84,901
82,613
2,288
84,901
15,677
15,677|**2022**
**£**
37,014
51,630
20,172
3,556|
|---|---|---|
|||112,372|
|||112,372
-|
|||112,372|
|||51,630|
|||51,630|
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## **BRADFORD ORGANIC COMMUNITIES SERVICE LTD**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2023**_
## **4 Charitable activities**
|Staff costs
Grant funded activities
Project costs
Van costs
Volunteer expenses
Share of support costs (see note 5)
Share of governance costs (see note 5)
**Analysis by fund**
Unrestricted funds
Restricted funds|**2023**
**£**
132,612
3,806
8,091
3,232
3,490
151,231
20,259
2,904
174,394
75,779
98,615
174,394|**2022**
**£**
179,960
11,499
16,015
4,215
4,613|
|---|---|---|
|||216,302
24,078
2,640|
|||243,020|
|||100,970
142,050|
|||243,020|
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## **BRADFORD ORGANIC COMMUNITIES SERVICE LTD**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2023**_
## **5 Support costs**
|**Support**
**costs**
**Governance**
**costs**
**£**
**£**
Depreciation
8,453
-
Rent
3,798
-
Rates
144
-
Power, light and heat
4,152
-
Premises insurance
2,507
-
Repairs and renewals
-
-
Office costs
129
-
Telephone
557
-
Sundry
470
-
Training
49
-
Independent examination
-
2,904
20,259
2,904
Analysed between
Charitable activities
20,259
2,904|**2023**
**Support**
**costs**
**Governance**
**costs**
**£**
**£**
**£**
8,453
7,191
-
3,798
4,115
-
144
280
-
4,152
1,740
-
2,507
2,818
-
-
5,226
-
129
443
-
557
491
-
470
1,774
-
49
-
-
2,904
-
2,640
23,163
24,078
2,640
23,163
24,078
2,640|**2022**
**£**
7,191
4,115
280
1,740
2,818
5,226
443
491
1,774
-
2,640|
|---|---|---|
|||26,718|
|||26,718|
All support costs are allocated to the sole charitable activity.
Governance costs includes payments to the Independent Examiners of £2,904 (2022- £2,640) for examination fees.
## **6 Trustees**
None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the current or prior year.
Travel expenses were paid to nil trustees amounting to £nil during the year (2022 £nil).
Payments were made to Fred Dockerill who is a trustee of Bradford Organic Communities Service Limited amounting to £100 for honey jars/kit (2022 £482).
- 13 -
DocuSign Envelope ID: AF0F2A23-8C5A-440B-A536-8E2FC43FC07B
## **BRADFORD ORGANIC COMMUNITIES SERVICE LTD**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2023**_
## **7 Employees**
## **Number of employees**
The average monthly number of employees during the year was:
|**Employment costs**
Wages and salaries
Social security costs
Other pension costs|**2023**
**Number**
8
**2023**
**£**
124,565
4,849
3,198
132,612|**2022**
**Number**
13|
|---|---|---|
|||**2022**
**£**
170,513
6,184
3,263|
|||179,960|
There were no employees whose annual remuneration was £60,000 or more (2021 none).
## **8 Taxation**
The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxationof Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects.
## **9 Tangible fixed assets**
|**Tangible fixed assets**||
|---|---|
|**Fixtures and**
**fittings**
**Computers Motor vehicles**
**£**
**£**
**£**
**Cost**
At 1 April 2022
48,751
2,338
16,740
Additions
-
522
4,900
At 31 March 2023
48,751
2,860
21,640
**Depreciation and impairment**
At 1 April 2022
3,573
628
5,254
Depreciation charged in the year
4,875
380
3,198
At 31 March 2023
8,448
1,008
8,452
**Carrying amount**
At 31 March 2023
40,303
1,852
13,188
At 31 March 2022
45,178
1,710
11,486|**Total**
**£**
67,829
5,422|
||73,251|
||9,455
8,453|
||17,908|
||55,343|
||58,374|
- 14 -
DocuSign Envelope ID: AF0F2A23-8C5A-440B-A536-8E2FC43FC07B
## **BRADFORD ORGANIC COMMUNITIES SERVICE LTD**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2023**_
|**10**
**Stocks**
Raw materials and consumables
**11**
**Debtors**
**Amounts falling due within one year:**
Trade debtors
Prepayments and accrued income
**12**
**Creditors: amounts falling due within one year**
Trade creditors
Accruals|**2023**
**£**
1,500
**2023**
**£**
2,457
6,389
8,846
**2023**
**£**
1,392
2,904
4,296|**2022**
**£**
1,200|
|---|---|---|
|||**2022**
**£**
1,472
424|
|||1,896|
|||**2022**
**£**
-
2,640|
|||2,640|
- 15 -
DocuSign Envelope ID: AF0F2A23-8C5A-440B-A536-8E2FC43FC07B
##
|**Restricted funds**|The income funds of the charity include restricted funds comprising the following unexpended balances of donations and grants held on trust for specific purposes:|**Movement in funds**
**Movement in funds**|**Balance at**
**Incoming**
**Resources**
**Transfers**
**Balance at**
**Incoming**
**Resources**
**Transfers**
**Balance at**|**1 April 2021**
**resources**
**expended**
**1 April 2022**
**resources**
**expended**
**31 March 2023**|**£**
**£**
**£**
**£**
**£**
**£**
**£**
**£**
**£**|Bradford Metroplitan District Council
-
16,605
(16,605)
-
-
2,288
(2,288)
-
-|National Lottery
-
-
-
-
-
25,000
(25,000)
-
-|Lets Get Growing
-
-
-
-
-
20,868
(20,868)
-
-|Resilience
-
-
-
-
-
10,000
(10,000)
-
-|PTC Leading the Way Leadership|Programme
-
-
-
-
-
8,000
(5,000)
-
3,000|CBMDC Habit Heroes
-
9,047
(9,047)
-
-
9,047
(9,047)
-
-|Skills for Employment
-
17,073
(17,073)
-
-
-
-
-
-|Connecting Communities
-
-
-
-
-
5,000
(5,000)
-
-|Wibsey Site
59,269
25,952
(85,221)
-
-
-
-
-
-|Fixed Assets
20,642
-
(4,026)
699
17,315
4,500
(8,453)
41,981
55,343|LCF Give Bradford
-
10,000
(2,596)
-
7,404
-
(7,404)
-
-|Jam It
-
4,972
(4,972)
-
-
-
-
-
-|CBMDC Buildings
-
-
-
-
-
2,700
(2,700)
-
-|Wellbeing
1,110
-
(1,110)
-
-
-
-
-
-|Walking Group
400
-
(400)
-
-
-
-
-
-|Co op Community Project
-
-
-
-
-
2,157
(2,157)
-
-|Thank You Day
-
1,000
(1,000)
-
-
-
-
-
-|Tesco Fruit for Life
-
-
-
-
-
375
(375)
-
-|CBMDC Youth Equipment and Community
-
-
-
-
-
323
(323)
-
-|81,421
84,649
(142,050)
699
24,719
90,258
(98,615)
41,981
58,343|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|**13**|||||||||||||||||||||||||||
DocuSign Envelope ID: AF0F2A23-8C5A-440B-A536-8E2FC43FC07B
##
DocuSign Envelope ID: AF0F2A23-8C5A-440B-A536-8E2FC43FC07B
## **BRADFORD ORGANIC COMMUNITIES SERVICE LTD**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2023**_
## **14 Designated funds**
The income funds of the charity include the following designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes:
|||**Balance at**|**Transfers**|**Balance at**|**Transfers**|**Balance at**|
|---|---|---|---|---|---|---|
||**1**|**April 2021**||**1 April 2022**|**31**|**March 2023**|
|||**£**|**£**|**£**|**£**|**£**|
|Fixed asset fund||330|(240)|90|(90)|-|
|||330|(240)|90|(90)|-|
A transfer has been made in the year to show the value of the fixed assets held.
- 18 -
DocuSign Envelope ID: AF0F2A23-8C5A-440B-A536-8E2FC43FC07B
##
||**Incoming**
**Resources**
**Transfers**
**Balance at**|**resources**
**expended**
**31 March 2023**|**£**
**£**
**£**
**£**|90,258
(98,615)
41,981
58,343|-
-
(90)
-|84,625
(75,779)
(41,891)
30,937|174,883
(174,394)
-
89,280|||**Total**
Unrestricted
Designated
Restricted
Total|funds
funds
funds|**2023**
2022
2022
2022
2022|**£**
£
£
£
£|||55,343
40,969
90
17,315
58,374|33,937
23,013
-
7,404
30,417|89,280
63,982
90
24,719
88,791|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|**Funds**|**Balance at**
**Incoming**
**Resources**
**Transfers**
**Balance at**|**1 April 2021**
**resources**
**expended**
**1 April 2022**|**£**
**£**
**£**
**£**
**£**|Restricted funds
81,421
84,649
(142,050)
699
24,719|Designated funds
330
-
-
(240)
90|Unrestricted funds
30,739
134,672
(100,970)
(459)
63,982|112,490
219,321
(243,020)
-
88,791||**Analysis of net assets between funds**|**Unrestricted**
**Designated**
**Restricted**|**funds**
**funds**
**funds**|**2023**
**2023**
**2023**|**£**
**£**
**£**|Fund balances at 31 March 2023 are represented|by:|Tangible assets
-
-
55,343|Current assets/(liabilities)
30,937
-
3,000|30,937
-
58,343|
|**15**|||||||||**16**||||||||||
DocuSign Envelope ID: AF0F2A23-8C5A-440B-A536-8E2FC43FC07B
## **BRADFORD ORGANIC COMMUNITIES SERVICE LTD**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2023**_
## **17 Related party transactions**
## **Remuneration of key management personnel**
The remuneration of key management personnel is as follows.
||**2023**|**2022**|
|---|---|---|
||**£**|**£**|
|Aggregate compensation|83,507|79,869|
There were no disclosable related party transactions during the year (2021 none).
During the year a payment of £100 was paid to Mr Fred Dockerilll for the purchase of jars of honey. Mr Fred Dockerill is a trustess of Braford Organics Servies Ltd.
- 20 -