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2025-03-31-accounts

Charity No. 1192322

BROMLEY THIRD SECTOR ENTERPRISE CIO

ANNUAL REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 MARCH 2025

1

BROMLEY THIRD SECTOR ENTERPRISE CIO TRUSTEES’ REPORT FOR THE YEAR ENDED 31 MARCH 2025

Contents

Page
Reference and administrative information 3
Trustees’ annual report 4 - 10
Independent auditors' report 11- 14
Statement of financial activities 15
(Incorporating an income and expenditure account)
Balance sheet 16
Statement of cash flows 17
Notes to the financial statements 18 - 25

2

BROMLEY THIRD SECTOR ENTERPRISE CIO TRUSTEES’ REPORT FOR THE YEAR ENDED 31 MARCH 2025

Charity Number 1192322 Registered Office Community House, South Street, Bromley BR1 1RH Trustees Colin Allies- Independent Chair Mark Ellison CEO- Age UK Bromley & Greenwich Policy Ctte Christopher Evans- CEO, Community Links Bromley Eddie Lynch MBE - CEO, Bromley Mencap (resigned May 2024) Anna McEwen - CEO, Bromley Mencap (resigned June 2025) Eliana (Nana) Kingnuthia- Independent Trustee Finance and Policy Ctte (re-appointed August 2025) Rachel Moriarty– Independent Trustee Chair Operational Ctte (resigned August 2025) Gavin Simpson Independent Treasurer Chair Finance Ctte (re-appointed March 2025) Ben Taylor- CEO, SE London Mind Finance Ctte Loraine Whittaker - CEO, Citizens Advice Bromley Aneeta Williams - Independent Trustee Chair Policy Ctte

Principal Staff David Walker Auditors Goldwins Limited Chartered Accountants and registered auditors 75 Maygrove Road West Hampstead London NW6 2EG

3

BROMLEY THIRD SECTOR ENTERPRISE CIO TRUSTEES’ REPORT FOR THE YEAR ENDED 31 MARCH 2025

The Trustees present the audited financial statements for the financial year ended 31 March 2025.

The Partnership

Bromley Third Sector Enterprise (BTSE) is a charity working to improve the health and wellbeing of residents in the London Borough of Bromley and surrounding areas.

We manage Bromley Well, an early intervention and prevention contract funded by the London Borough of Bromley and the NHS South East London Integrated Care Board.

We provide a single point of access – a contact centre where people can call or email us and be referred to the relevant service run by our charity partners.

The charity facilitates a partnership under the auspice of “ ~~B~~ TSE” with Age UK Bromley & Greenwich, Bromley Mencap, South East London Mind, Community Links Bromley and Citizens Advice Bromley. The aims of the partnership are to:

Objectives and activities

The object of Bromley Third Sector Enterprise CIO (the charity), as defined by the constitution, is the advancement of the health and wellbeing of residents of the London Borough of Bromley and the surrounding areas.

The charity’s mission is to facilitate the delivery of health and wellbeing services for the benefit of local communities, by enabling third sector partnerships. By bringing services together, to help local people to live healthier and happier lives and to help maintain their health, wellbeing and independence.

4

BROMLEY THIRD SECTOR ENTERPRISE CIO TRUSTEES’ REPORT FOR THE YEAR ENDED 31 MARCH 2025

Achievements and performance

The charity managed the successful collaborative delivery and performance of the Bromley Well contract worth over £2.7 million per annum.

The 2024-25 year saw increased demand for our innovated and improved services to meet the needs of Bromley residents within the resources available.

The Bromley Well Service has continued to deliver high quality and consistent services, with almost 17,000 referrals and supporting over 12,000 clients - a 20% increase on 2023-24.

The need for support with benefits, housing and cost of living remains high. Increasing numbers of clients are contacting us with multiple, interlinked problems, requiring more intensive casework and cross-agency coordination.

While we receive referrals for adults of all ages, our largest group seeking help is those aged 55-64 - those of late working age. They are typically needing information, advice and guidance, Long Term Health Conditions support and Carers support.

We've also seen an increase in demand for our Older People's Information and Advice Services, including pensions and benefits checks.

During the year, we realised over £4.75m in benefits and grants for residents, with over £2m from our Forms Completion Service.

Improving services means supporting our staff and volunteers. We received an Innovation Fund grant for Mental Health First Aid training and ongoing support for volunteers and staff. We were able to train 62 participants from partners and the wider voluntary sector, with very positive feedback.

We could not have achieved this without our close partnerships, Bromley Well staff and over 200 volunteers, to whom we give our heartfelt thanks.

Underpinning our work this year was clear progress on the three pillars of our current strategy: sustainability, reach and impact. We have delivered more with the resources we have, improved our accessibility online and in person and deepened our partnerships to prepare us for the challenges ahead, illustrative examples below:

Our Annual Quality Assurance inspection, carried out by LB Bromley, showed that we continue to run a very good service. We revised our Business Continuity Plan and ran a live whole service emergency test which demonstrated that good systems are in place.

We have developed and refined a referral dashboard which details where Bromley Well Referrals come from. By refining our data dashboards that show the demographics and geography of our referrals, we are now able to identify which

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BROMLEY THIRD SECTOR ENTERPRISE CIO TRUSTEES’ REPORT FOR THE YEAR ENDED 31 MARCH 2025

partners are referring to us, and for what services. This means we can have strategic conversations about referrals and demand for our services.

We have also introduced new systems and approaches to increase efficiencies. Since we introduced online referrals in June 2023, we have been receiving consistent numbers of both self-referrals and professional referrals (in the mid-hundreds) via the website. Online referrals have also cut email traffic to the SPA contact centre by 62%, reducing the time-consuming to-and-fro of emails, and one of the main reasons for introducing it.

We have also been a leading partner in developing the One Bromley Wellbeing Hub in The Glades shopping centre. This is an in-person, drop-in advice hub – the only one of its kind in Bromley – which helps with general advice and refers into our wider services. It also provides information, legal advice and guidance to address social issues linked to wellbeing.

Case study -Forms Completion Service:

Bromley Well volunteer Carol R single-handedly helped one resident secure over £21,000 in backdated benefit payments.

The resident has learning difficulties and first came to us for help with their Employment Support Allowance (ESA) claim. Carol worked closely with the client, supporting them to get their Severe Disability Premium (SDP) reinstated. She also helped them to get £21,188 in backdated ESA, dating back over 10 years. They will now also receive transitional elements of Universal Credit payments.

Carol said, “We worked hard together over 5-6 months and it's extremely satisfying to see all the hard work has paid off. It's great to think I have helped someone who otherwise might be struggling with daily costs of living.”

We provided a wide range of wellbeing services including:

6

BROMLEY THIRD SECTOR ENTERPRISE CIO TRUSTEES’ REPORT FOR THE YEAR ENDED 31 MARCH 2025

A crucial aspect of our work is the seamless linkage between these services. On average each Bromley Well client presents with 1.5 issues. Whether clients come via the SPA or direct to a service, they are triaged and their needs identified so they can be referred to the services and support required: for example, a Hospital Aftercare referral to Long Term Health Conditions or Carers support, or Advice and Guidance to Employment services. This reduces multiple referrals and means clients get help that is both better integrated and faster - delivering on our mission as an early intervention service.

Case Study – Physical Disabilities

Client M has been supported by both our learning difficulties and physical disabilities services since 2020. His electric wheelchair broke down and he was extremely depressed, unable to leave the house. Our advisor helped him obtain several grants so he could buy a replacement.

They also gave him emotional support, including weekly check-ins and putting him in touch with The Mental Health Hub and employment services. He’s also had physical disabilities support to get a blue badge and a taxi card.

He said: “I feel my mental health and my outlook on life have increased considerably. I can venture out and feel like being part of the community again and getting my independence back.”

We continued to work closely with the London Borough of Bromley, One Bromley (the umbrella body for health and care in the borough), the South East London Integrated Care System, primary care and the wider voluntary sector to ensure the needs of local residents were well met. This is perhaps most evident in our work in raising the profile of unpaid carers. Last year, we took the lead within One Bromley on raising the profile of carers and developing a Carers’ Charter. One year on since the launch of the charter, we’ve seen a 14% increase in carers registered with their GP, ensuring more carers are recognised and supported within primary care. Carer Champions have been identified across One Bromley organisations, helping to embed a “Carer Aware” culture in everyday work. The Bromley Well and Bromley Council carers’ website pages have been updated, making it easier than ever for carers to find the information and support they need.

BTSE Associate members

The charity has 69 Associate Member charities which it engages with and convenes regular forums. At quarterly online forums we included speakers from the wider health and social care sector to inform, engage and consult the network on the adult social care digital strategy, the Plan for Unpaid Carers and the One Bromley strategic alliance of Voluntary, Community and Social Enterprise (VCSE) sector leadership across SE London. We also continue to support communication about the LB Bromley Innovation Fund to Associate Members.

7

BROMLEY THIRD SECTOR ENTERPRISE CIO TRUSTEES’ REPORT FOR THE YEAR ENDED 31 MARCH 2025

Governance

Under our Articles of Association, The Board comprises of the CEOs of the five Operational Partners and up to five Independent Trustees, including Chair and Treasurer.

Over the last year, we strengthened our governance and renewed the terms of two independent trustees, Gavin Simpson and Eliana Kingnuthia.

These changes have made BTSE more robust in identifying issues, so it can strengthen services and improve reporting and data, to better demonstrate Bromley Well’s impact. All new trustees undergo an induction process of briefings with existing trustees, Chair and CEO and externally recognised training.

Our sub-committees focus on Operations, Policy and Finance. These meet quarterly, and are each chaired by an independent trustee, with each trustee sitting on at least one committee. Operational Trustees also sit on the Operational Ctte or send nominated deputies.

Looking to the Future

Our primary focus remains supporting the health and wellbeing of Bromley residents through the effective and always developing delivery of the Bromley Well contract. During the year we plan to make further progress towards meeting our strategic objectives, including through:

BTSE now has eight years' experience in developing and running a successful operational partnership model, shared partnership governance, shared service delivery, shared data and communications, including the widely recognised Bromley

8

BROMLEY THIRD SECTOR ENTERPRISE CIO TRUSTEES’ REPORT FOR THE YEAR ENDED 31 MARCH 2025

Well brand. We want to build on these strengths and work towards generating new revenue for BTSE by sharing our expertise.

We have created a unique and effective one-stop wellbeing service which we believe has much to offer. We look forward to the future with confidence.

It is clear the activities undertaken in the year have furthered the charity’s purposes for the public benefit. The trustees have had regard to the Charity Commission’s guidance on public benefit.

Financial Review

The overall financial health of the charity is strong, with a secure long-term contract and robust financial controls.

Incoming resources during the year were £2,828,404.

At 31 March 2025 reserves were £252,029 of which £170,000 is invested in two highinterest accounts.

Principal funding sources

The main funding source for the year was from the London Borough of Bromley and South East London Integrated Care Board via the Primary and Secondary Intervention Service (Bromley Well) contract.

Reserves policy

Per the agreements in place with the charity’s commissioners, payments are received to cover specific expenditure. Therefore, the charity does not generally make surpluses or deficits, and is not required to hold any reserves.

We have however agreed a Reserves Policy to ensure prudent risk management of holding funds. This provides for the charity to hold three-months of running costs for the partnership office and to provide a sum to cover necessary investment to facilitate the operation of the contract.

Trustees’ Responsibilities

The Trustees are responsible for preparing the Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards, UK GAAP (Generally Accepted Accounting Practice).

The law applicable to charities in England and Wales 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 and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the Trustees are required to: -

9

BROMLEY THIRD SECTOR ENTERPRISE CIO TRUSTEES’ REPORT FOR THE YEAR ENDED 31 MARCH 2025

The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011 and the Charity (Accounts and Reports) Regulations 2008. They are also responsible for the prevention and detection of fraud and other irregularities.

Statement as to disclosure to our auditors

In so far as the Trustees are aware:

Auditors

Goldwins Limited were re-appointed as the auditors of the charitable company during the year and have expressed their willingness to continue in that capacity.

The Trustees’ annual report has been approved by the Trustees on …………………………. 17/09/2025

By order of the Trustees.

……………………………

Colin Allies, Chair of Trustees

10

BROMLEY THIRD SECTOR ENTERPRISE CIO

Opinion

We have audited the financial statements of the charity for the year ended 31 March 2025 which comprise the Statement of Financial Activities, the Balance Sheet, statement of cash flows and notes to the financial statements, 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, including Financial Reporting Standard 102: The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion, the financial statements:

2025 and of its income and expenditure for the period then ended;

Accounting Practice;

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further 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, 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 concern

going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

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BROMLEY THIRD SECTOR ENTERPRISE CIO

Other information

The trustees are responsible for the other information. The other information comprises the information included in the annual report other than the financial does not cover the other information and, except to the extent otherwise explicitly stated in our report, 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 is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the Charity and environment obtained in the course of the audit, we have not identified material misstatements in

We have nothing to report in respect of the following matters in relation to which the Charities Act 2011 requires us to report to you if, in our opinion:

Responsibilities of the trustees

responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as they determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the Charity or to cease operations, or have no realistic alternative but to do so.

Our responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or

12

BROMLEY THIRD SECTOR ENTERPRISE CIO

is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud are set out below.

In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, our procedures included the following:

A further description of our responsibilities for the audit of the financial statements is www.frc.org.uk/auditorsresponsibilities report.

13

BROMLEY THIRD SECTOR ENTERPRISE CIO

section 144 of the Charities Act 2011 and the regulations made under section 154 of tru no other purpose. To the fullest extent permitted by law, we do not accept or assume for our audit work, for this report, or for the opinions we have formed.

Goldwins Limited Statutory Auditor Chartered Accountants 75 Maygrove Road West Hampstead London NW6 2EG

19/09/2025

Goldwins Ltd is eligible to act as an auditor in terms of section 1212 of the Companies Act 2006.

14

Bromley Third Sector Enterprise CIO

Statement of financial activities (incorporating an income and expenditure account) For the year ended 31 March 2025

Unrestricted
Funds
Note
£
Income from:
-
3
2,678,034
4,431
2,682,465
4
2,690,001
2,690,001
5
(7,536)
-
(7,536)
Reconciliation of funds:
165,584
158,048
Donations and legacies
Contract awarded income
Investment income
Charitable activities
Net movement in funds
Total funds brought forward
Total funds carried forward
Net (expenditure)/income for the
year
Transfers between funds
Total expenditure
Total income
Expenditure on:
Charitable activities		 Restricted
Funds
£
93,981
51,958
-
145,939
51,958
51,958
93,981
-
93,981
-
93,981		 2025
Total
Funds
£
93,981
2,729,992
4,431
2,828,404
2,741,959
2,741,959
86,445
-
86,445
165,584
252,029		 2024
Total
Funds
£
-
2,524,068
408
2,524,476
2,528,305
2,528,305
(3,829)
-
(3,829)
169,413
165,584

All of the above results are derived from continuing activities. There were no other recognised gains or losses other than those stated above. Movements in funds are disclosed in Note 12 to the financial statements.

15

Bromley Third Sector Enterprise CIO Balance sheet As at 31 March 2025

2025
Note
£
Fixed assets:
8
Current assets:
9
285,734
242,494
528,228
Liabilities:
10
276,562
11
12
158,048
Total unrestricted funds
Total funds
Unrestricted funds:
General funds
Net current assets
Total assets less current liabilities
Total net assets
Funds
Restricted funds
Debtors
Cash at bank and in hand
Creditors: amounts falling due within one year
Tangible assets		 2025
Note
£
Fixed assets:
8
Current assets:
9
285,734
242,494
528,228
Liabilities:
10
276,562
11
12
158,048
Total unrestricted funds
Total funds
Unrestricted funds:
General funds
Net current assets
Total assets less current liabilities
Total net assets
Funds
Restricted funds
Debtors
Cash at bank and in hand
Creditors: amounts falling due within one year
Tangible assets		 2025
£
363
251,666		 2024
£
38,888
190,756		 2024
£
-
165,584
528,228
276,562		 229,644
64,060
158,048 165,584
252,029 165,584
252,029 165,584
93,981
158,048		 -
165,584
252,029 165,584

and signed on their behalf by:

G J Simpson Trustee

The attached notes form part of the financial statements.

16

Bromley Third Sector Enterprise CIO Statement of cash flows

For the year ended 31 March 2025

Note
2025
Cash flows from operating activities:
£
a
52,283
Cash flows from investing activities:
Sale/ (purchase) of fixed assets
(545)
Cash provided by / (used in) investing activities
(545)
Change in cash and cash
equivalents in the year
51,738
Cash and cash equivalents at the
beginning of the year
190,756
Cash and cash equivalents at the
end of the year
b
242,494
a)
2025
£
Net income / (expenditure) for the
reporting period(as per the
statement of financial activities)
86,445
Depreciation
182
(Increase)/ decrease in debtors
(246,846)
Increase/ (decrease) in creditors
212,502
Net cash provided by / (used in)
operating activities
52,283
b) Analysis of cash and cash equivalents
Cash flows
£
£
Cash at bank and in hand
190,756
51,738
Total cash and cash equivalents
190,756
51,738
At 1 April
2024
Net cash provided by / (used in)
operating activities
Reconciliation of net income /
(expenditure) to net cash flow
from operating activities		 -
£
-
-
Other
chang
es		 2024
£
(202,727)
-
(202,727)
393,483
190,756
2024
£
(3,829)
-
40,102
(239,000)
(202,727)
£
242,494
At
31 March
2025
242,494

18

Bromley Third Sector Enterprise CIO Notes to the financial statements For the year ended 31 March 2025

1 Accounting policies

a) Basis of preparation

The financial statements have been prepared in accordance with 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 2015) - (Charities SORP FRS 102).

The charity meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy or note.

b) Going concern

The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern.

c) Income

Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the income have been met, it is probable that the income will be received and that the amount can be measured reliably.

Income from government and other grants, whether grants or grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred. Income received in advance for the provision of specified service is deferred until the criteria for income recognition are met.

For legacies, entitlement is taken as the earlier of the date on which either: the charity is aware that probate has been granted, the estate has been finalised and notification has been made by the executor(s) to the charity that a distribution will be made, or when a distribution is received from the estate. Receipt of a legacy, in whole or in part, is only considered probable when the amount can be measured reliably and the charity has been notified of the intention to make a distribution. Where legacies have been notified to the charity, or the charity is aware of the granting of probate, and the criteria for income recognition have not been met, then the legacy is a treated as a contingent asset and disclosed if material.

d) Donations of gifts, services and facilities

Donated professional services and donated facilities are recognised as income when the charity has control over the item or received the service, any conditions associated with the donation have been met, the receipt of economic benefit from the use by the charity of the item is probable and that economic benefit can be measured reliably. In accordance with the Charities SORP (FRS 102), volunteer time is not recognised so refer to the annual report for more information about their contribution.

On receipt, donated gifts, professional services and donated facilities are recognised on the basis of the value of the gift to the charity which is the amount the charity would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt.

e) Interest receivable

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the bank.

f) Fund accounting

Unrestricted funds are available to spend on activities that further any of the purposes of charity. Designated funds are unrestricted funds of the charity which the trustees have decided at their discretion to set aside to use for a specific purpose. Restricted funds are donations which the donor has specified are to be solely used for particular

18

Bromley Third Sector Enterprise CIO Notes to the financial statements For the year ended 31 March 2025

1 Accounting policies (continued)

g) Expenditure and irrecoverable VAT

Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably. Expenditure is classified under the following activity headings:

Costs of generating funds relate to the costs incurred by the charity in inducing third parties to make voluntary contributions to it, as well as the cost of any activities with a fundraising purpose.

Expenditure on charitable activities includes the costs of delivering services and other activities undertaken to further the purposes of the charity and their associated support costs. Other expenditure represents those items not falling into any other heading.

Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.

h) Allocation of support costs

Support costs are those functions that assist the work of the charity but do not directly undertake charitable activities. Support costs include back office costs, finance, personnel, payroll and governance costs which support the activities. These costs have been allocated between cost of raising funds and expenditure on charitable activities. The bases on which support costs have been allocated are set out in note 4.

i) Tangible fixed assets

Items of equipment are capitalised where the purchase price exceeds £500. Depreciation is provided at rates calculated to write down the cost of each asset to its estimated residual value over its expected useful life. The depreciation rates in use are as follows:

Fixtures and fittings 33% on cost Computer equipment 33% on cost

j) Debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

k) Cash at bank and in hand

Cash at bank and hand include cash and two annual bonds of £85,000 each invested as fixed-term deposit accounts.

l) Creditors and provisions

Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

19

Bromley Third Sector Enterprise CIO Notes to the financial statements

For the year ended 31 March 2025

Charitable activities:
Investment income
Charitable activities:
Net income / expenditure
Total expenditure
Income from:
Total income
Contract awarded income
Transfers between funds
Expenditure on:
Net movement in funds
Total funds brought forward
Total funds carried forward
Total income from charitable activities
Contract awarded income
Income from charitable activities
Grants		 £
2,505,223
408
2,505,631
2,509,460
2,509,460
(3,829)
-
(3,829)
169,413
165,584
Unrestricte
d Funds
£
£
2,772,015
51,958
2,772,015
51,958
Unrestricted
funds
Restricted
Funds		 £
2,505,223
408
2,505,631
2,509,460
2,509,460
(3,829)
-
(3,829)
169,413
165,584
Unrestricte
d Funds
£
£
2,772,015
51,958
2,772,015
51,958
Unrestricted
funds
Restricted
Funds		 2024
Total
Funds
£
£
18,845
2,524,068
-
408
18,845
2,524,476
18,845
2,528,305
Restricted
Funds		 2024
Total
Funds
£
£
18,845
2,524,068
-
408
18,845
2,524,476
18,845
2,528,305
Restricted
Funds
2,505,631 18,845 2,524,476
2,509,460 18,845 2,528,305
2,509,460 18,845 2,528,305
(3,829)
-		 -
-		 (3,829)
-
(3,829)
169,413		 -
-		 (3,829)
169,413
165,584 - 165,584
£
51,958
Restricted
Funds		 2025
Total
Funds
£
2,823,973		 2024
Total
Funds
£
2,524,068
51,958 2,823,973 2,524,068

3 Income from charitable activities

20

Bromley Third Sector Enterprise CIO Notes to the financial statements For the year ended 31 March 2025

4 Analysis of expenditure

Staff costs
Direct cost
Carers Support
Employment and Education
Learning Disabilities
Long Term Health Conditions
Mental Health and Wellbeing
Mutual Carers
Physical Disabilities
Services for Elderly Frail
Single Point of Access
Young Carers
Contract amendment for Elderly Frail
Barriers to Employment
Other projects
Support cost
Premises costs
Office & Administrative expenses
Professional fees
Audit fees
Bank charges
Depreciation
Support costs
Total expenditure 2025
Total expenditure 2024		 Charitable
activities
£
-
181,549
120,274
123,781
319,593
377,576
29,845
99,567
453,847
564,678
131,964
93,248
1,200
33,522
-
-
-
-
-
-		 Support
costs
£
170,563
-
-
-
-
-
-
-
-
-
-
-
-
-
9,382
15,564
8,604
6,960
60
182		 2025
Total
£
170,563
181,549
120,274
123,781
319,593
377,576
29,845
99,567
453,847
564,678
131,964
93,248
1,200
33,522
9,382
15,564
8,604
6,960
60
182		 2024 Total
£
160,365
173,936
115,230
118,590
306,191
343,539
28,593
95,392
427,571
540,998
126,430
32,944
10,800
8,045
8,103
17,208
7,350
6,960
60
-
2,530,644 211,315 2,741,959 2,528,305
211,315 (211,315)
2,741,959 - 2,741,959
2,528,305 - 2,528,305

Of the total expenditure £2,690,001 was unrestricted (2024: £2,509,460) and £51,958 was restricted (2024: £18,845).

21

Bromley Third Sector Enterprise CIO Notes to the financial statements For the year ended 31 March 2025

Staff costs
Direct cost
Carers Support
Employment and Education
Learning Disabilities
Long Term Health Conditions
Mental Health and Wellbeing
Mutual Carers
Physical Disabilities
Services for Elderly Frail
Single Point of Access
Young Carers
Contract amendment for Elderly Frail
Barriers to Employment
Other projects
Support cost
Premises costs
Office & Administrative expenses
Professional fees
Audit fees
Bank charges
Depreciation
Support costs
Total expenditure 2024
Analysis of expenditure- prior year		 Charitable
activities
£
-
173,936
115,230
118,590
306,191
343,539
28,593
95,392
427,571
540,998
126,430
32,944
10,800
8,045
-
-
-
-
-
-		 Support
costs
£
160,365
-
-
-
-
-
-
-
-
-
-
-
-
-
8,103
17,208
7,350
6,960
60
-		 2024 Total
£
160,365
173,936
115,230
118,590
306,191
343,539
28,593
95,392
427,571
540,998
126,430
32,944
10,800
8,045
8,103
17,208
7,350
6,960
60
-
- 200,046 2,528,305
200,046 (200,046)
200,046 - 2,528,305

22

Bromley Third Sector Enterprise CIO Notes to the financial statements For the year ended 31 March 2025

5 Net incoming resources for the year

This is stated after charging / crediting:

Auditors' remuneration
Audit fees net of VAT
Depreciation		 2025
£
182
5,800		 2024
£
-
5,800

Staff costs were as follows:

Social security costs
Salaries and wages
Employer pension contributions		 2025
£
154,272
11,269
5,022
170,563		 2024
£
145,540
10,063
4,762
160,365

The total employee benefits including pension contributions of the key management personnel were £76,743 (2024: £72,329).

One employee earned between £60,000-£69,999 per annum during the year (2024: One)

The charity trustees were not paid or received any other benefits from employment with the charity in the year (2024: £nil). No charity trustee received payment for professional or other services supplied to the charity (2024: £nil).

7 Staff numbers

The average number of employees during the year was as follows:

Staff numbers
The average number of employees during the year was as follows:
Charitable activity
Support		 2025
No.
2
2
4		 2024
No.
2
2
4
Tangible fixed assets
Cost
At the start of the year
Additions in year
Disposals in year
At the end of the year
Depreciation
At the start of the year
Charge for the year
Eliminated on disposal
At the end of the year
Net book value
At the end of the year
At the start of the year		 74
-
-
74
74
-
-
74
-
-
Fixures &
fittings		 £
4,254
545
-
4,799
4,254
182
-
4,436
363
-
Equipment		 Total
£
4,328
545
-
4,873
4,328
182
-
4,510
363
-

23

Bromley Third Sector Enterprise CIO Notes to the financial statements For the year ended 31 March 2025

9 Debtors

Pension
Deferred income
Balance at the beginning of the year
Amount released to income in the year
Amount deferred in the year
Balance at the end of the year
Creditors: amounts falling due within one year
Deferred income
Accrued income
Accruals
Trade creditors
Trade debtors
Prepayments		 2025
£
282,543
3,191
-
285,734
2025
£
269,405
187
6,970
-
276,562
2025
£
15,000
(15,000)
-
-		 2024
£
20,270
3,618
15,000
38,888
2024
£
40,159
1,941
6,960
15,000
64,060
2024
£
-
-
15,000
15,000

10 Creditors: amounts falling due within one year

Deferred income represents grants received for the purpose of expenditure in a future period.

11 Analysis of net assets between funds- current year

Tangible fixed assets
Current assets
Liabilities
Net assets at the end of the year
Tangible fixed assets
Current assets
Liabilities
Net assets at the end of the year
Analysis of net assets between funds- prior year		 General
unrestricted
Funds
£
363
434,247
(276,562)
158,048
General
unrestricted
Funds
£
-
229,644
(64,060)
165,584		 Restricted
Funds
£
-
93,981
-
93,981
Restricted
Funds
£
-
-
-
-		 Total
funds
2025
£
363
528,228
(276,562)
252,029
Total
funds
2024
£
-
229,644
(64,060)
165,584

24

Bromley Third Sector Enterprise CIO Notes to the financial statements For the year ended 31 March 2025

12 Movements in funds-current year

Restricted funds:
Legacy income
External Funding
Innovation Fund
Total restricted funds
Unrestricted funds:
General funds
Total unrestricted funds
Total funds
Movements in funds-prior year
Restricted funds:
External Funding
Total restricted funds
Unrestricted funds:
General funds
Total unrestricted funds
Total funds		 £
-
-
-
-
165,584
165,584
165,584
£
-
-
169,413
169,413
169,413
At the
start of
the year
At the
start of
the year		 £
93,981
32,958
19,000
145,939
2,682,465
2,682,465
Incoming
resources
& gains		 £
-
(32,958)
(19,000)
(51,958)
(2,690,001)
(2,690,001)
(2,741,959)
£
(18,845)
(18,845)
(2,509,460)
(2,509,460)
(2,528,305)
Outgoing
resources &
losses
Outgoing
resources &
losses		 Transfers
£
-
-
-
-
-
-
-
Transfers
£
-
-
-
-
-		 £
93,981
-
-
At the
end of
the year
93,981
158,048
158,048
2,828,404 252,029
£
18,845
18,845
2,505,631
2,505,631
Incoming
resources &
gains		 £
-
At the end
of the
year
-
165,584
165,584
2,524,476 165,584

13 Operating lease commitments

At the balance sheet date, the charity had no financial commmitment under non-cancellable operating leases.

14 Related party transactions

There are no related party transactions for the year (2024: None).

25