REGISTERED CHARITY NUMBER: 1189587 REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 FOR BOLTON COMMUNITY ADVICE P B Syddall & Co Charttted Accountants Grafton House 81 Chorley Old Road Bolton 14n¢ashire BLI 3AJ
BOLTON COMMUJ41TY ADVICE CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED JI MARCH 21J24 P8¢ Report of tht TrustttS Independent ExmiTh¢r'$ R¢pDrt StAl¢rn¢n¢ of Fin•Trcil Activities Bln¢¢ Sh¢¢¢ No¢¢5 lo the FiThaneiil Ststements Detlled St•ternent of Finncll Aetlvltl 13 to 14
BOLTON COMMUNITY ADVICE REPORT OF THE TRusfEES FOR THE YEAR ENDED 31 MARCH 2024 The tnjstees present their report with the financial statements of the chariry for ihe year ended 3 l March 2n24. The trustees have adopted the provisions of Accounling and Keponing by Chariti¢s.' Statemeni of Recommended Practice applicable to ¢horiti¢5 preparing iheir accounts in a¢¢tsrdance with the Finan¢i#l Reporting Standard appli¢able in the UK and Republic of Ireland IFRS 102) {effcdiv¢ l January 2019). OWECTIVES AND ACTIVITIES Objectives and aims The objecis of the Charitable Incotporated Orgattisation are lo promote any charitable Purpose for the public benefii by Ihe advancement of educalion, the proieciion and preservation of health and the relief of poverty. 5i¢kn¢ss and distress in particular. bui wiihoui limitation, for the benefit of the community in Bolton and sum)unding are&%. Bolton Community Advice aim io improve the lives of the people in our community by giving advice. guidarKe or infornation on a wide range of issues including benefi hotssin8 and debt managemeni. SigNifie8llt gclivi¢les Th¢ Wellbeing Projeti Funded by GMCA. our Wellbeing Project offers extya support io people on prOblOn, helping them to reinlegrate back into society and making sure they 8ei the assistsn¢¢ they need to get back inth worK edu¢ation or volunteerin8. Following a hugely successful pilo4 The W¢llb¢in8 Service has t¢¢n 1n¢1Y commissioned by Gr¢at¢r Man¢he5ter Combined Authority IGMCA) and HM Priwn and Probation Service (HMPPS) io Continue WOTkin8 in th¢ ¢ommunity with peopl¢ on probation, lo help them med their goals ond aspirations. The service is 4 panneTship led by The Bi8 Life group. which comprises of 12 local organisations. Includin8 Bolton Commurtity Advice, meaning thai when people work with us. they'll benefit from our in-depth local knowltd8e In tonvenieni localions such as our new community hub on Oxford Styttir Our mi&sion is to make sure that people have all ihe iool$, infomwtion and 5UPPOrt they nttd ¢0 succttd while on probation. Publle bentfit The Trustee$ have given due re8ard to the Charity Commission's guidance on Public Benefit. Our door is open io onyone who need5 help and advice. no matter what the issue 15. We h¥ve a great deal of experien¢¢ on helping people on many issues such as benefit claims, housin& employment and sensory impainneni issues. If our expert volunieers can't help directly we will try and find other sour¢¢s of help in the rn. Volunteers We have coniinued io strengthen wih 6 new volunteers. This year we have helped a record number of people.. Over 300 People on Probation wilh our Wellbein8 Service Over 250 people with Univ¢r541 credii and other benefii ¢laims - Over 250 people with homelessn and housin8 problems Over 300 people with disability issues . Over 600 people with PPE requirements ie Over 180 people with debi problems - Over 150 people with mentsl health issues Over 300 elderly people - Over 500 people with other i55ues
BOLTON COMMUNITY ADVICE REPORT OF THE TRUSTEES FOR THE YEAR EIYDED 31 MARCH 2024 OBjE1VEs AND ACTIVITIF Oxford Strett Centre Dev¢lopme•t We hav¢ substantially developed our new premise5 16a Oxford Str¢el.' - A new buzz-in door securiry system and a new secure front dc4)r Ext¢nsiv¢ hcalth and Safety Improvemems - Developmenl of an outdoor communal area on th¢ 5ecoDd floor Improvements to the electrical system - Overhaul of the IT sl¢M and achievement of Cyber Esseniials Pl Partnership Workln8 We have developed our co-loution model by havin8 the followin8 paTkners working with u5 in the Wellbeing Hub - Connect ETE (Employability) In8eus (Homelessness 5Ltpport . Dignify (Trauma Support) - Citizen5 Advice Manchester (General welfare support) The Family Service (Family Support} - Veteran5 Support Achieve Cornmunity Outreach are licensing space for their offices on our se¢ond flwr, providing a valuable link with recovery services. ACHIEVEMENT AND PERFORMANCE Charitsble activiti¢$ Many of our slaff are trained Indentht advocates (Generic. Community. non-sta¢utory) who are able to worfo with and on behalf of some of our clients. In 2024 we welcomed $om¢ new members ¢0 our team: Suzanne tklaney- Projeci OtTicer Giedre Ferreira- Digital Trniner Helen Timms- EdallOn and training cwdinator We have continued to slep up our sthff dev¢lopmeni and training and have invested a good proportion of our fvnding on this, with Yolunieers attendin8 courses in th¢ following.. Mental Healih Firsi Ahd First Aid Tryining Safeguardin8 Training BrSii$h Slgn LanBua8e Adv0¢4¢y Training Advice and Guidance Training Counselling Training We also provide p¢er advocacy for sensory, menthl health. learnin8 dibIlitieS and mobiliry issues. We also a peer advocate for autism ADHD. In 2024 we receiv¢d funding to allow us io run the following new projects.. Digital Inclusion - we now offer a digit81 skills service in conjunction with Bolton Coun¢il DES ieam. - Bike Library- we received funding for this and it will go live on the fiN floor in F¢bntary 2025 Music Service - we have increased our provision by adding new equipment and developing o musi¢ room on the first fl¢)or - Recoop project, for over 50's on probaiio . Oiher projects in developmeni - Art Therapy . Sewins Service - Choir Page 2
BOLTON COMMUNITY ADVICE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 FINANCIAL REVIEW Finatscial position The charlties toial income for the year to 3 IM March 2024 was £170,818 (2023.. £210.050) and the total expenditure was £227.272 (2023.. £112,550). At th¢ year end the Charity had cash in the bank of £45,493. The charity had total funds the year end of £56.455. The restricied fund accounted for £55,119 of this for the delivering of specific projects. Reserves poli¢y The Trustees have worked hard to source unrestricted fimdin8 which encomp8sses all aspects of the charitgs sp¢nding. However the chariry is Siill heavily deF¢ndent on 8rant income which often has resrriciions imp)sed and such general reserves remain low. STRVCTURE. GOVERNANCE AND MANAGEMENT Governin8 document The charity is controlled by its governing document. a deed of and consiiNtes a Charitable Incorporaied Organisation firsi re8lStered 21 May 2020 ¥s amended on 20 June 2022. REFERENCE AND ADMINigfRATIVE DETAILS Registered Chxrily number 189587 Prltselpl ddre 148 Deansgate Bolton Lan¢aghir¢ BLI IBB Trusiees S Fisher Iresigned 4.10.24) N S T Peel (resigned 1.4.23) Mrs G Hargreaves (resigned 1.6.23) Mrs S Fendlen (resigned 4.10.241 S R Green (resigned 19.7.24) Mrs C Straub (appointed 19.7.23) P Ri¢h3Tdson lapp)Inted 1.9.23) J M Lord lappoini¢d 1.7.23) MTS J Rudd (appointed 24.5.23) MTS S Beaunol {appointed 5.5.23) Mrs C Riley (appoinied 1.5.23) Independenl Ex•mlner Mr Adam J Syddall MA FCA P B Syddall & Co Chartered Accountants Grdfton House 81 Chorley Old R04d Bolion cashire BLI 3AJ Page 3
BOLTON COMMU141TY ADVICE REPORT OF THE TRuEEs FOR THE YEAR ENDED 31 MARCH 2024 Approved by order of the board of tyste¢s M 13 J4nuary 2025 and Sid on its i%half by: J M Lord- Tru$tee Page 4
INDEPENDENT EXAMif4ER'S REPORT TO THE TRUSTEES OF BOLTON COMMUNITY ADVICE Independent examiner's report to tbe trustees of BoltOD Cotnrnunity Advice I report io the charity tnlee$ on my examination of the a¢rounts of Bolion Community Advice (the Trust) for th¢ y¢aT ended 31 March 2024. Re5ponsibilltks and bisis of report A5 the Charity tnJste¢5 of the Tn you are responsible for the prepArution of the accounts in attordaThce with the requirements of the Charities Aa 2011 Cthe Acr). I r¢port in respect of my examinaiion of the Trust's accounts carried out under Section 145 of the Act and in canying out my examinaiion I have followed all applicable Directions given by the Charity Commission under Section 145151(b) of the Act. Independent examiner's st*temeDt I have ¢ompleted my examination. I confirni thai no material matters have come to my attention in connection with the examinaiion giving rn¢ cause to believe that in any malerial respect.. hccountiTrg records were not kepr in respect of the TnLs1 Js required by Seciion 130 of the Aci. or the accounts do noi atcord with those re¢ords.' or the accounts do not cornply with the applicable rtquirements concerning the fonn and content of ac¢ountS sel out in the Chariii¢s IA¢¢ounts and Reports) Regulations 2008 other than any requirement thai the accounls giv¢ a true and fair view which is not a matter considered as parf of an independent examination. I have no ¢oncerns and have come aer05s no oiher matters in connection with the eMIll&liOn to which attention should be drawTr in this report in order to enable a proper understsnding of the a¢¢ounts lo be reached. Mr Adam J dall MA FCA The Institut¢ of Chanered Ac¢ounttnts in England and Wales P B Syddall & Co Chartered Accountinls fjrafton House 81 Chorley Old Road Bolton Lancashi BLI 3AJ 13 January 2025 Page 5
BOLTON COMMUNITY ADVICE STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 21J24 31.3.24 TotAI funds 31.3.23 Total funds Unre5kncted Restri¢t¢d fijnd fund Notes INCOME AND ENDOWMENTS FROM Donation5 and legaci¢5 400 Ch8rit•ble •etivities Advice support and adv(*a¢y 170,718 170,718 209,300 Other trading activities 350 Total 170.718 170.818 210.050 EXPENDITURE ON Raising fvnd5 47.943 47.943 25.787 Charitable activities Advice support and advo¢acy 722 177J71 178,093 84,294 (hher 1236 2.469 Tot#1 1,958 225J14 227,272 12,550 NET INCOMEI(EXPENDITURE) 11058) (54J96) (56,454) 97,500 RECONCILIATION OF FUNDS Total funds brought forward 3.194 109,715 112.909 15.409 TOTAL FUNDS CARRIED FORWARD lJ36 55,119 56,455 112,909 The no fom part ofthese financial ststements Page 6
BOLTON COMMUNITY ADVICE BALANCE SHEET 31 MARCH 2024 31J.24 Totfftl funds 31.3.23 Toral funds Unresthcied fimd Restricted fund Notes FIXED ASSETS Tangible )s5ets 2306 12.627 14.833 16,098 CURRENT ASSETS Debtors Cash at bank and in hand 50,000 50.639 SJ98 39J95 45,493 SJ98 39195 45.493 100.639 CREDITORS Amounts falling due within one Jrar (6.468) 2J97 {3J71) (3.8281 NET CURRENT ASSETS {870 42,492 41,622 96,811 TOTAL ASSETS LESS CURRENT LIABILITIES lJ36 55,119 56,455 112,909 NET ASSETS lJ36 55,119 56.455 112,909 FUNDS Unresirict¢d funds Resiricied ndS lJ36 55,119 3,194 109.715 TOTAL FUNDS 56,455 112,909 The financial siatemenis were approved by ihe Board of Tntstees and au¢horised for issue on 13 January 2025 aTKI were signed on its behalf by.. J M Lord- Trustee The neS forni part of these financial 5tstements Page 7
BOLTON COMMUNITY ADVICE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 21ll4 ACCOUNTIIYG POLICIES B¥si$ of prerIng the financial sltemtnts The financial statements of the chariry, which is a public ttnefll eniiry under FRS 102, have been prepared in accordance with ihe Charities SORP IFRS 102) 'Accountin8 and Reporting by Charities.. Siatement of Recommended Practice applicable io charities prepanng theÉr accounts in accordance with the Financial Reporting Stsndard applicable in the UK and Republic of Ireland (FRS 1021 (effective l January 2019),. Financial Reporting Standard 102 The Financial R¢wTrrting Standard applicable in the UK and Republic of Ireland. and the Charities Act 2011. The financial staternents have been pr¢par¢d under the historical cost convention. Ineome All income is recognised in the Statement of Financial A1vIlle% once the clwity h&8 entitlement to the funds, it is probable thai th¢ income will be received and the amount on be mwured reliably. Expendlttrre Liabilities are recognised as expenditure as soon as there is a legal or constructive obliwion committing the harity to thai expendiiuTe, it is probable that a transfer of economic benefits will be required in selllemeni and Ihe pmount of the obligation ¢¥n be measured reliably. Expendilure is accounied for on an accruals basis and has been classified under headings thai aggregaie all CO related to the category. Where costs cannot be dir¢¢tly attributed to porticular headin8s ihey have been allocated io activiti¢5 on J basis ¢onsist¢nt with ih¢ use of resources. T8nglble Ilxed ssets Depreciation 15 provid¢d at tht ftsllowing annual rntes in tyd¢r to write off ¢•¢h *59¢t over its estimated useful Improvements io prop¢ffy Fixtures and fittings Computer equipment 20% on redwing bal8n¢e 20•/9 on reducing balance 25Yo on re1n8 balance T#x#tlon The Chariiy is exempi from thx on its charitsble aciiviiies. Fynd •ccounting Unrestricted fijnds can be used in acconlance with the charitable objectives discreiion of ihe tru$i¢e$. RestrIca funds con only be used for parti¢ular resirlcitjj PUTpose$ within the objects of the charity. Restrictions arise wh¢n specified by the donor or when funds are raised for particular rtttricied puOSe$. Funher explanation of the naiure and Purpose of each fund is included in the noles to the financial staiemenis. Penslon eosis Ind oiher 51-retIremen¢ b¢n¢llts The charity operates h defined contribution pension xheme. Contribution5 payable to the charitys pension scheme are charged to the Ststement of Financial Activities in the peri¢NI to which they relate. Pgge 8 continued...
BOLTON COMMUNITY ADVICE NOTES TO THE FINANCIAL STATEMENTS- continyed FOR THE YEAR ENDED 31 MARCH 2024 OTHER TRADif4G ACTIVITIES 31.3.24 31.3.23 Fundraising events 350 RAISING FUNDS Ralslng donations and legieks 31.3.24 31.3.23 Computer expenses Room hire Advert15ing Priniing and stationery OtTice consumables TTavel expenses Training Telephone Subsisience Motor expenses Professional fees Sundry expenses Support costs 3.062 22.615 356 1,608 7,334 300 46 2,515 3.258 3,780 773 887 4,459 615 207 3.094 s,ois 457 1.113 5,209 6.507 416 47,943 25,787 TRUSTEES, REMUNERATION AND BENEFITS There were no Irustees. remuneraiion or other benefits for the year ended 31 March 2024 nor for the yeaT ended 31 March 2023. Trustees, eAptn5es During ihe period. £777 (2023 - £82) was paid io three of the trustees in order rtirnburse them for costs that they had undertak¢n on behalf of the charity. Pa8¢ 9 coniinued...
BOLTON COMMUf41TY ADVICE NOTES TO THE FINANCIAL STATEMENTS-eontinued FOR THE YEAR ENDED 31 MARCH 2024 TANGIBLE FIXED ASSETS Improvements to property Fixtures Motor vehicles Computrr equipment fittings Totsls COST At l April 2023 Addirions JJ65 13J39 3200 1.980 20.326 3,200 At 31 March 2024 3J65 1.636 16J39 1.986 23,520 DEPRECIATION Ai l April 2023 Charge for year 1390 486 547 217 1.667 JJ85 724 377 4,228 Ai 31 March 2024 1.776 764 5,052 8.693 NET BOOK VALUE Ai 31 March 2024 lJ89 872 11,487 885 14,833 Ai 31 Mar¢h 2023 2,075 1.089 11,672 1,262 16.098 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.3.24 31.3.23 Grants 30,000 CREDITORS., AMOUNTS FALLING DUE WITHIN ONE YEAR 31J.24 31.3.23 Taxation and wcial security Other creditor5 3.52 351 2.872 956 3071 3,828 MOVEMENT IN FUNDS Nel rnovement in funds Ar 31.3.24 Ai 1.4.23 UnreJlrl¢ted fundg Genernl fund 3,194 (1058) iJJ6 Rutrl¢ted funds Restricted nd 1119,715 (S496) 55,119 TOTAL FUNDS 112.909 156,454) 56.455 Page 10 ¢onlinued.
BOLTON COMMUNITY ADVICE NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2024 MOVEMENT IN FUNDS- eotstinued movement in fijnds. i1jed in the above are &¢ follows: Incoming resources Resources expended Movement in ndS Unre8tri¢t¢d funds G¢n¢ral fibnd 100 {1,958) {1,858) Restricted funds Restricted fvTKI 170,718 (225J14} (s496) TOTAL FUNDS 171J,818 (227.272) (56,454) Comparlllves for movement fvnds Net movement in funds Ai 31.3.23 Ai 1.4.22 UnreStr1¢t funds General fund (13.974) 17,168 3.194 Re$lrlc¢¢d funds Restricted fund 29.383 80,332 109,715 TOTAL FUNDS 15.409 97,500 112.909 Comparntive nei mov¢meni in funds, included in ihe above are as follows.. In¢oming resources Resour¢es expended Movemext in funds Unregtrkted funds General fund 20.485 (3,317) 17,168 Restricted funds Resirici¢d fund 189,56% (109.233) 80,332 TOTAL FUNDS 210,050 (112,550) 97,500 Page 11 continued.
BOLTON COMMUNITY ADVICE NOTES TO THE FINANCIAL ATEMENTs- FOR THE YEAR ENDED 31 MARCH 2024 MOVEMENT IN FUNDS- eotstinued A current year 12 months and prior year 12 months combin¢d triOn is Is follows: Net movem¢nt in funds At 31.3.24 At 1.4.22 Unrutricted funds General fund (13,974) 15,310 lJ36 Re5trieted fundi Restrict¢d fund 29.383 25.736 55.119 TOTAL FUNDS 15,409 41.046 56,455 A Cuent year 12 month5 and prior year 12 months combined net movement in funds, included in the above are as follows.. Incoming resources Resources expended Movemenl in fijnds UnreJ¢ricted funds General fund 20.585 {5275) 15,310 Restrlettd funds Resiricied nd 360283 (334,5471 25,736 TOTAL FUNDS 380,868 (339.822) 41.046 RELATED PARTY DISCLOSURES Durin8 ihe period, Stev¢ Fi$her, a trustee. received a salary of £35,917 {2023 £30250) for managing the chority, £1,459 {2023 - £721) of pension contributions were a150 made. Shobna Fendlen, a tnjstee. re¢¢ived a salary of £7.983 for managing the charity finances. £117 of pension ¢onlributions were also made. Page 12
BOLTON COMMUNITY ADVICE DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024 31.3.24 Total funds 31.3.23 Tolal ffijnds Vnre5tricied fund5 Restri¢t¢d INCOME AND ENDOWMENTS Don81ions and legacies Donations 100 400 Other trgding •ct3vities Fundraising events 350 Chari¢ible activities Grarkt5 17(1.718 170.718 209,300 Total Ineomlttg resour¢es 170.718 170118 210,050 EXPENDITURE S$ln8 donAtlons Ind le8#¢les Computer expen%5 Room hire Advertising Priniing and ststionery Office consumables Travel expenses Training Telephone Subsistence Motor expenses Professional fees Sundry expens¢s 3.062 22,615 356 99 3,094 5.015 457 3,062 22,615 356 1,608 7.334 300 46 2.515 3,258 3.780 773 887 4,459 615 207 3,094 5,015 457 53119 6.507 416 5.209 6,YJ7 416 47,943 47.943 25,782 Charitable gctlvltles Advertising 100 Support Costs Manigernent Wa8es Social 5¢curity Pensions Rates and water Insurance Light and heal PToperty repairs Depr¢¢iation of tangible assets 127J18 5,445 4.497 352 1,(177 11,900 19,981 3.743 127318 5.445 4.497 352 .1177 14.900 19.981 4,465 75.322 2,270 1.029 393 865 760 1,480 2,807 722 722 177213 177,934 84.926 This page does not forrn pan of the stswtory financial ststemen Page 13
BOLTON COMMUNITY ADVICE DETAILED STATEMENT OF FINANCIAL AcfIvITIFS FOR THE YEAR ENDED 31 MARCH 2024 31.3.24 Tothl fimds 31.3.23 Total funds Unrestricted fimds Rotricted fidS Management Information technology Rcpairs and renewals 853 Govern*n¢e costs Independent examination Accounthncy and legal ftts Int¢Te5t on PAYE 756 750 48 360 596 33 58 1394 989 Total resources expended 1.958 225J14 227372 12.550 Net IntoM¢l(¢xnd•tstt) (1.858) ($4,$96) {56.454> 97,500 This page does noi forni part of the swwory financial statements Po8¢ 14