bemix Accounts for the year ended 31 July 2024 Registered number.. 1205783 bemix Accounts for the year ended 31 July 2024 Index Page Trustees, report Independent auditors, report statemenl of financial activities Balance sheet statement of cash flows Notes to the accounts 20 Registered number 1205783 Trustees Molcolm Barnord Michelle Huggins Bernodelte Mayall Dominic Evans Registered office Office 44 Canterbury Innovation Centre University Road Conterbury Kenl CT2 7FG Bankers The Co-operative Bank l Balloon Street Monchesler M60 4EP Allica Bank 4th Floor 164 8i5hopsgate London EC2M 4LX Auditor5 Azets Audit Service5 Globe House 2 Eclipse Pork Sittingboume Road Moidslone Kenl ME14 3EN bemix Trustees, Report The trustees present their annual report together with the audited accounts of bemix for the year ended 31 July 2024. The financial statements have been prepared in accordance wilh the accounting policies set out in note I to the finoncial stotements and comply with the chority's governing document, the Charities Acl 2011 and 'Accounling and Reporting by Charities: Slatement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective l January 20191 Objectives and Activities Charitable Objècts The charity's objects as set out in its goveniing document are.. i . the promotion of equality and diversity for the public benefit by: lal the elimination of discrimination on the grounds of disability, specifically learning disobilities ond autism.. Ibl odvancing education and raising owareness of equality ond diversity, concerning people with learning disabilities and/or aulism,. Icl promoting activilies to foster understanding between people from diverse backgrounds. 2. to promote social inclusion for the public benefit by preventing people from becoming socially excluded, relieving the needs of those people who are socially excluded and assisting them to integrate into society. for the purpose of this clause socially excluded means being excluded from society, or part of society, as a result of a learning disability andlor autism. Public Benefit statement The Trustees have referred to the Chority Commission's guidance on public benefit when reviewing the charity's aims and objectives and in planning future activities. The Trustees confirm that they have complied with the duly in Section 17 of the Charities Act 2011 to have due regard to public benefit guidance published by the Charity Commission. The ways in which bemix provides public benefit include: l. Supporting people with learning difficulties and/or autism to speak up, make choices and become powerful and influentiol 2. Helping people gain opportunities and become more independent in learning, housing, work, health, money, trovel, leisure and relationships 3. Supporting others to hear, respect and empower people with learning difficullies and/or autism 4. Promoting p051tive action to challenge negative attitudes about di50bility 5. Working with local communities to ensure people with leaming difficulties and/or autism become fully included and no longer segregated bemix Trustees. Report Iconlinuedl Mlsslon and Vlslon At bemix, we believe you should be seen, be heard and belong. We are people with and without leorning difficulties andlor autism, working and learning together. Whether it's to be seen working. be heard compaigning or belong to a friendly group of people, people achieve their goals wilh bemix. People with learning difficulties and/or autism do not always have the same opportunities to be fully involved in our society. We want to change that. We run projects which support people to learn skills. goin qualifications and become more confident and independent. We also work together with employers, businesses and services to make sure what they do is inclusive. Most of our work is in Kent with offices and groups held in Canterbury, Dover, Thanet, Sittingbourne and Medwoy but we do offer some support in other oreas such as Bexley. Maln Actlvltles During the year, our main activities to further our charitable purposes for public benefit were: Advll Groups and Lrfe Choices Our projects and support aim to provide a stepping stone towards greater independence for people with learning difficulties and/or autism. In our groups, people have the opportunity to develop a range of skills. These include skills linked to specific projects, for example. music, media, performing arts, catering or woodwork. In oddition, people using our groups build social skills, confidence ond self-odvocacy. Post 16 Education & Employment Svpport We work with young people who learn best by doing, helping them find suitable work placements that align with their gools and aspirations. Each participant has a dedicated work coach who provides ongoing support. The progrom aim5 to help participants find paid employment or alternative work pathways upon completion, while building confidence and work-related skills. The programs represent an important step in bemix's commitment to creating pathways to employment for people who might otherwise face significant barriers to workploce participation. Preparatlon for Employment The Preparation for Employment program provides essential pre-vocational troining ond skill development. The program focuses on building foundational employabilily skills needed before entering workplace environments. including communication, confidence building, routine establishment, and basic work skills. bemix Trustees. Report Iconlinuedl Supported Internships The government-established Supported Internships progrom provides structured work experience opportunities for young people. The progrom involves real-world work placements with local employers, supplemented by personalized coaching and skills development. Supported Internships are designed to bridge the gap between education and employment for young people aged 16-24 who have Education, Health and Care plans. The latest Ofsted evaluation, recognizes bemix as'a Good Provider with Outstanding Behaviour and Attitudes and Outstanding Personal Development. Achievements and Performance Adult Groups and Lifè Choicès Audiobox Records and Arts Shop In 2023, we launched Audiobox Records and Arts Shop, a small co-produced shop in the Chorlton Centre in Dover, run by people with ond without leorning difficulties ondlor aut15m. The shop sells vinyl records and original artworks made by artists from our Be Crealive arts project. This project was the culmination of a long-held dream for many bemix participants. Everyone worked together to plan, design, build and stock the shop - trom painting wolls and building displays, to cataloguing records and pricing artworks. The Audiobox shop received funding from Port of Dover Community Fund through Kent Community Foundation, creating paid work opportunities for people with learning difficulties and/or autism. Summary of the Year During 2023-24, bemix delivered a diverse range of projects throughout East Kent (Dover, Canterbury, Ramsgate and Sittingboumel including: Amplified (music industry skills).. Participants produced radio shows hosted on Mixcloud, developed connections with local radio stations, and built music journalism skills by reviewing gigs and interviewing bonds. Audiobox Iradiol: Development of radio production skills and the production of weekly radio shows broadcast on DCRFM every Sunday. Be Animated lanimationl: Created a short surrealist animation called Portal and produced animations for the Sense of Belonging exhibition. Be Creative- Collaborated on designing the Audiobox shop interior and logo, produced artworks lor sale, and participated in the Urban Fete and Big Green Week events. Be Seen Be Heard.. Developed filmmaking skills, created easy-read script formats, and produced"How We Wont to be Treated. The group also collaborated with Canterbury Christchurch University to share lived experiences with trainee health and social care professionals. bemix Trustees. Report Iconlinuedl Discovery Catering.. Continued monthly pop-up cafés ot Westgate Hall. Canterbury, created o patchwork banner, and raised money for Children in Need and Porchlight. Eco Shed.. Produced artworks for the Sense of Belonging Exhibition and collaborated with young people on bemix's Preporation for Employment program. Music and Arts.. Developed individual instrument skills, songwriting abilities, and band performance techniques while collaborating on exhibition work. Risky Business: Produced and performed short plays including a pantomime. The Adult Groups ond Life Choices program measures its impact through the following key performance indicators= l. Number of beneficiaries supported: 93 2. Number of sessionslactivities delivered: 1 ,542 3. Number of people with learning disabilities/autism in paid employment with bemix: Group supporters: 2 Sociol enterprises (Audioboxl: 4 4. Number of radio programs broadcast.. 50 5. Number of pop-up cafés.. 50 Post 16 Edvcotion & Employment Support Summary of the Year In 2023-24, we supported.. 71 young people with learning difficultie5 andlor autism IOOlo of whom held an Educalion. Health and Care Plan IEHCPI Demographics.. 12 were between 16-17 years old 22 were female, 47 were male, ond 2 were transgender 42 EHCPS were funded by Kent, 28 by Medway, and I by Bexley The program structure included a minimum of 640 program hours per participont, with classroom lessons operating during term time and work placements running throughout Ihe year. Young people apply for time off as they would in regular employment, emulating the world of work and supporting the transition to employment. student support included.. I l young people115Y.l awarded FSM bursaries l young person11.4f,l awarded a vulnerable bursary 24 young people134Y.l awarded discretionary bursaries 2 young people13I.1 were Looked After Children (LACI 2 young people13Y.I were Previously Looked After Children IPLACI still living in foster care or Supported Accommodotion 3 young people14Y.I lived in Supported Accommodation bemix Trustees. Report Iconlinuedl The P05t 16 Education & Employment Support program measures its impact through the following key performance indicators.. l. Attendance- The overall attendance rate for 2023-24 was 691.. below our target of 751. and showing a decline from previous yeors178.45Yo in 2022-23, 86.97Yo in 202(P211. 2. Retention.. The retention rote for 2023-24 was 85f,160 of 71 participants completed the program). slightly below our target of 887. but maintaining relatively strong performance compared to previous yeors. 3. Functional Skills Achievement- Pass rates for English were 13Yo and for Maths loy., showing slight improvemenl from the previous year (English 12.570 and Maths 5.551.) but still significantly below the torget of 80T.. 4. Employment Outcomes: From 38 young people on the Supported Internship program, 71181.) gained employment: 3 from Canterbury127Yts of participants): in retail and catering I from Sittingbourne125fo of porticipantsl: in core work 3 from Chatham113To of participantsl- in gardening and retail, including I apprenticeship other destinations included.. 4 young people in volunteering roles 4 young people in other education l young person in another Supported Internship provision other achievements - Training and Consultancy Be A Leader Further to the initial success of the Be A Leader course which finished in July 2023 we have spent time reviewing the course outcomes and whot might come next to toke the course to the nexl level. We have spoken to those involved and have plans to create a new course with three leve15 to help develop new leoder5. Securlng The Ollver McGowan Mandatory Tralnlng Contract In June 2024, bemix was chosen by NHS Kent and Medway as their preferred provider for The Oliver McGowan Mandatory Training on Learning Disability and AutismTM_ the Govemment's standardised, preferred and recommended training. This significant achievement recognizes bemix's expertise in co-producing and delivering training. The program is delivered in partnership with Aucodemy CIC and Kent Autistic Trust, bringing together a wealth of experience and expertise. The training is co-delivered by people who ore Autistic ondlor have a learning disability, ensuring that healthcare staff receive compassionate and informed instruction based on lived experience. This is a significant project for bemix and we look forward to working with the commissioners of the project and other healthcare providers lo ensure that the roll-oul of the training is effective and sustainable. bemix Trustees. Report Iconlinuedl Flnanclal Revlew The charity's income for the year ended 31 July 2024 was £1,538.529, representing an increase of 21 I. from the previous year's income12023: £1,272,465). Although there was financial growfh, the number of placements on the Supported Employment progromme wa5 less thon hoped for and disappointing. Total expenditure for the year was £1.732.350, representing a 16fo increase on the previous year12023: £1,497,641). This higher level of expenditure was necessary to support our expanded charitable activities and reflects increased staffing costs (£1,315,472 compared to £1,165,549 in 20231 as the charity invested in odditional personnel to deliver 5eNices. Despite careful financial management, the charity recorded a net expenditure of £193,821 for the year, compared to £225,176 in 2023. The balance sheet as of 31 July 2024 shows total net liabilities of £1 12,323, compared to net assets of £81 ,498 in 2023. This deterioration in financial position is primarily due to the net expenditure for the year which was 5UPPOrted by on increase in long-term borrowing from £146,022 to £271,483. which was necessary to support operational cosh flow. Challenges ensuring local council funding is received in full and on time and ensuring programmes are financially sustainable in their own right ore ongoing and being oddressed by the management leam and trustees. The charity is grateful to our lenders, Notwest Social & Community Capital and Kent Community Foundation for their ongoing and long term support, successfully renegotiating the loan terms with both lenders wos o critical during the year. Golng Concern bemix's ongoing ability to continue a5 a going concern is down to the financial success of the programmes supported going forward. Three key areas of funding have been identified as critical to success over the next 12 months. In June 2025. the organisation was able to secure additional funding from Natwest Social & Community Capital which underpins the cash reserves under a long term flexible lending agreement. In the short term. further funding for the OMMT programme roll out has been contractually confirmed between July 2025 and February 2026, providing the ability to build reputation and relationships for this programme to be sustainable into the future. student numbers for the Supported Employment programme are on trock for the 2025126 academic year (tracking ahead of previous year51 with potential for future development into other regions looking increasingly possible. bemix Trustees. Report Iconlinuedl The manogement team are also undertaking a review to assess and monitor the financial viability of all progrommes and seek out opportunities to benefit from funding available to deliver additional programmes thal fit within the charitable aims. With increasing costs of employment and tighter public finances the team are pursuing other ways to secure future funding which leverage the organisation's charitable status. Reserves Pollcy Based on the charily's performance over the past two financial years Ihe charity's aim is to build back up to a positive balance sheet posilion over the next Iwo financial years. The management and trustees have been focussed on the maintenance of a positive net current asset position and working towords this in the next 12 months. Cash flow management remains crucial and whilst supported through long term borrowing the aim is to have 2-3 month's expenditure in cash available in the charity. Investment Policy The charity ho5 minimal asset5 which are all held in bank accounts in the UK. Ensuring ony cash not required is generating good returns by way of high interest has been Ihe focus through Ihe year. Fundraising Policy Now the organisation has charitable status more fundraising possibilities exist. A policy and strategy for this is something that needs to be developed further lo support the charity going fopNord. Plans for Future Periods Looking fopNard to the next 1-3 years, bemix has developed a strotegic plan focused on sustaincjble growlh, increased impact, ond financial stability. Our strategy builds on our established reputation for co-produced services that genuinely empower people with learning difficullies andlor autism. Key strategic priorities include: Implemenlation of The Oliver McGowan Mandatory Training program in partnership with NHS Kent and Medway Development of our Be A Leader programme strengthening our financial position through diversified income streams including fundraising Building stronger partnerships with statutory services and other third sector organizotions strengthening our governance structures More specific objectives for each of the chority's activities are set out below bemix Trustees. Report Iconlinuedl Advll Groups and Lrfe Choices For our Adult Groups and Life Choices programs, we oim to build on the success of existing initiotives like Discovery Catering, Eco Shed, ond the Be Creotive Arts Project. Our strategy focuses on creating more pathwoys to independence and employment while ensuring long- term sustainability. In 2024-2025, we plan to expond the Audiobox shop model, which has proven successful in Dover. We are exploring potential locations in Canterbury and Medway, using the same co- produced approach that has been so effective. These shops will create additional paid employment opportunities for people with learning difficulties ondlor autlsm while generating unrestricted income for the charity. We also plan to develop our Discovery Catering project inlo a more regular operation, potentially establishing o permanent café location that would provide vocationol training, work experience, and paid employment opportunities. Initial discussions have begun with potential venue partners, and we are developing a business plan that balances social impoct with financial sustainobility. Specffic objectives for the ceming yeor l. Secure premises for a better Audiobox shop localion and develop an implementation plan co-produced with porticiponts 2. Increo5e the frequency of Discovery Catering event5 from monthly to fortnightly and develop a feasibility study lor a permanenl café space 3. Expand the Eco Shed woodwork project's capacity by 251. through odditional workshop space and equipment 4. Develop a new digital skills troining program in response to identified needs among our participants, particulady following the increased importance of digital access during the pandemic 5. Implement a comprehensive impoct measurement fromework to better capture and communicate the outcomes of our Adult Groups and Life Choices programs Post 16 Edvcotion & Employment Svpport Our Education and Employment Support services, porticulorly our Supported Internships program, have demonstrated significant impact in helping young people with learning difficulties and/or autism transition successfully to employment. Over the next three years, we plon to expand these services while developing new approaches to oddress gaps in current provision. We aim to increase the number of employer partners hosting internships from 15 to 25 over the next three years, with o particular focus on diversifying the sectors represented to include technology, creative industries, and environmental services. This will provide more varied opportunities matching the diverse interests and talents of our participants. bemix Trustees. Report Iconlinuedl Specific Objectives for the Coming Year l. Secure partnerships with five new employers to host supported internships and strengthen our employer engagement program 2. Expond our service offering into other locol council areas in the South-East 3. Ensure SLAS with local councils and colleges are in place 4. Develop a formal alumni program to provide ongoing support to past porticipants and create peer menloring opportunities 5. Develop stronger progression pathways between our Adult Groups programs and Post 16 Education & Employment Support services 6. Consolidote ond expand our post 16 progroms within our current areo5, 7. Add Be a Leader development training into our year one provision Tralnlng and Consultancy Our Training and Consullancy services represent a significant growth area for bemix, particularly following our successful bid to deliver The Oliver hAcGowon Mandatory Training program. We aim to build on this achievement to e5toblish bemix as a leading provider of co- produced training and consultancy services relating to learning disability and autism. The Oliver McGowan Mandatory Training contract with NHS Kent and Medway provides a solid foundation for this work over the next three years. This program will train thousands of healthcare staff across the region, significantly improving healthcare experiences for people with learning disabilities andlor autism. The co-delivery model ensures that lived experience is at the heart of all training, creating powerful learning experiences for participants. Beyond this contract, we are developing additional Iroining packages focusing on inclusive employment practices, reasonable adjustments in education settings, and digital accessibility. All our training continues to be co-produced and co-delivered with people with lived experience, ensuring authenticity and impacl. Specific objectives for the coming year l. Successfully launch The Oliver McGowan Mandatory Training program, delivering training to at least 8,000 healthcare staff in the first year 2. Recruit and train al least l O new trainers with lived experience of learning disability andlor autism 3. Develop a sustainable pricing model that balances affordability with generating sufficient surplus to support bemix's broader charitable work 4. Secure funding to develop our Be A Leader program further bemix Trustees. Report Iconlinuedl Slrvcture, Governance & Management Governing Document bemix is a registered charity constituted as a Charitable Incorporated Organisation ICIOI Foundation model and is governed by its Constitution dated 17 November 2023. Trustees The trustees of the charity during the year, appointed on 17 November 2023, were os follows.. Malcolm Barnard Michelle Huggins Julie Taylor Two trustees have been appointed following the year end with Matt Clifton leaving bemix as Chief Executive and the bemix board on 29 January 2025. Bernodette Mayall loppointed 17 December 20241 Dominic Evans (appointed 21 March 20251 Appointment of Trustees Trustees are appointed based on their experience and skillset. ensuring that they bring a level of expertise and/or experience which supports the orgonisation. References for oll new trustees are obtained and DBS check5 are carried out. Trustee Induction and Training Trustees are inducted over a 1-3 month time frame, providing them with details of the programmes run ond access to the intormotion and systems required for their specific role. Guidonce from the Charity Commission on trustee induction is also reviewed and provided to Tnjstees who are new to the role of a Trustee. Organisationol Strvcture Board -Addltlonal team {Non Trustees) steve Chapman, Ann-morie Lillis, Anna Levermore and Matt Clifton all formed port ofthe bemix board throughout the period, who ensured co production representation, within bemix, but were not part of the formal Trustee decision making process. Governing Team -supported Employment and Educalion programme. In addition to the chority's trustees and board a Goveming Team is made up of other individuals who oversee the Supported Employment and Education programme. Central Management Team The Central Team. led by Chief Executive Matt Clifton during the year, oversee the programs and are responsible for the day-to-day decision making of the charity. After many years, service Matt's time at bemix came to an end in January 2025. The trustees and teom at bemix thonk Matt for his dedication ond service to bemix during his tenure. 10 bemix Trustees. Report Iconlinuedl Risk Management The Trustees have assessed the major risks to which the charity is exposed and have established systems to mitigate those risks. The major risks identified were: Financial risks Inadequote reserves and poor performance- review of services and ensuring income streams diversified. Improved reporting and communication with the Board. Operational risks Lack of demand for post-16 services- external review of staff team structure led to restructure in November 2024 External risks Changes in local government and healthcare oversight impacting seNices stakeholders and engaging with the right organisational contacts maintaining Governance risks Lack of a strong independent Trustee board - appointments afler the year end to build the expertise and scrutiny required statement of Trustees, Responsibilities The truslees are responsible for preparing the trustees, reporl and the financial slatements in accordance with generol applicable law ond United Kingdom Accounting Stondards (United Kingdom General 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 ond of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to: select suitable accounting policies and then opply them consistently,. obsepde the methods and principles in the Chorities SORP., make judgments and estimates that are reasonable and prudent., state whether opplicoble occounting stondords have been followed, subject to any material departures disclosed and explained in Ihe financial slatements; prepare the financial statements on the going concern bosis unless it is inappropriate to presume that the chority will continue in busines5. The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable Ihem to ensure that the financial statements comply with the Charities Act 2011, the Charities (Accounts and Reports) Regulations 2015 and the provisions of the trust deed. They are also responsible for safekeeping the assets of the charity and hence tor taking reasonable steps for the prevention and detection of fraud and other irregularities. bemix Trustees. Report Iconlinuedl In so far as the Trustees are awore.. -there is no relevant audit information of which the charity's auditor is unaware., ond -the Trustees have taken oll steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditor is aware of that information. Funds held as Custodian No funds were held as custodion at the end of the reporting period. Approval This report was approved by the Trustees on 19 August 2025 and signed on their behalf by: M.Huggiiis 9, 2025 07."44.'52 GMT+il Michelle Huggins Trustee 12 ## **BEMIX** ## **INDEPENDENT AUDITOR’S REPORT** ## **TO THE TRUSTEES OF BEMIX** ___________________________________________________________________ ## **Opinion** We have audited the financial statements of bemix (the ‘charity’) for the year ended 31 July 2024 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow Statement and notes to the financial statements, including 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, except for the effects of the matter described in the Basis for Qualified Opinion paragraph, the financial statements: - give a true and fair view of the state of the charity’s affairs as at 31 July 2024 and of its incoming resources and application of resources, including its income and expenditure, for the year end ended; - have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and - have been prepared in accordance with the requirements of the Charities Act 2011. ## **Basis for qualified opinion** As referred to in the ‘Other matters’ section of this report, the comparative figures have not been audited. By virtue, the basis for qualification pertains to a limitation of scope. As a result of this matter, we were unable to determine whether any adjustments might have been found necessary to the statement of financial position, and the corresponding elements making up the statement of financial activities. We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the _Auditor's responsibilities for the audit of the financial statements_ section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. ## **Material uncertainty relating to going concern** We draw attention to note 2 in the financial statements, which indicates that the charity incurred a net negative movement in funds during the year ended 31 July 2024 of £193,821, and, as of that date, the charity’s total liabilities exceed its total assets by £112,323. As stated in Note 2, these events or conditions, along with other matters as set forth in Note 2, indicate that a material uncertainty exists that may cast significant doubt on the company’s ability to continue as a going concern. Our opinion is not modified in respect of this matter. In auditing the financial statements, we have concluded that the trustees’ use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Our evaluation of the trustee assessment of the entity’s ability to continue to adopt the going concern basis of accounting included a review of budgets, cash flow forecasts and loan agreements from lending providers. Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report. - 13 - ## **BEMIX** ## **INDEPENDENT AUDITOR’S REPORT** ## **TO THE TRUSTEES OF BEMIX** ## ___________________________________________________________________ ## **Other information** The other information comprises the information included in the Trustees’ Annual Report, other than the financial statements and our auditor’s report thereon. The trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and we do not express any form of assurance conclusion thereon. 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 course of 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 this gives rise to a material misstatement in the financial statements themselves. 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. ## **Responsibilities of trustees** As explained more fully in the Trustees’ responsibilities statement, the trustees are 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 the trustees 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 company's ability to continue as a going concern, disclosing, as applicable, matters 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 ## **Auditor's responsibilities for the audit of the financial statements** We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder. Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance 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. A further description of our responsibilities is available on the Financial Reporting Council’s website at: https://www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report. **Extent to which the audit was considered capable of detecting irregularities, including fraud** Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above and on the Financial Reporting Council’s website, to detect material misstatements in respect of irregularities, including fraud. We obtain and update our understanding of the entity, its activities, its control environment, and likely future developments, including in relation to the legal and regulatory framework applicable and how the entity is complying with that framework. Based on this understanding, we identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. This includes consideration of the risk of acts by the entity that were contrary to applicable laws and regulations, including fraud. - 14 - ## **BEMIX** ## **INDEPENDENT AUDITOR’S REPORT** ## **TO THE TRUSTEES OF BEMIX** ___________________________________________________________________ ## **Extent to which the audit was considered capable of detecting irregularities, including fraud (continued)** In response to the risk of irregularities and non-compliance with laws and regulations, including fraud, we designed procedures which included: - Enquiry of management and those charged with governance around actual and potential litigation and claims as well as actual, suspected and alleged fraud; - Reviewing minutes of meetings of those charged with governance; - Assessing the extent of compliance with the laws and regulations considered to have a direct material effect on the financial statements or the operations of the company through enquiry and inspection; - Reviewing financial statement disclosures and testing to supporting documentation to assess compliance with applicable laws and regulations; - Performing audit work over the risk of management bias and override of controls, including testing of journal entries and other adjustments for appropriateness, evaluating the business rationale of significant transactions outside the normal course of business and reviewing accounting estimates for indicators of potential bias. Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. As part of an audit in accordance with ISAs (UK), we exercise professional judgment and maintain professional skepticism throughout the audit. We also: - Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. - Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an - opinion on the effectiveness of the charitable company’s internal control. - Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the trustees. - Conclude on the appropriateness of the trustees’ use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the charitable company’s ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor’s report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor’s report. However, future events or conditions may cause the charitable company to cease to continue as a going concern. - Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation (ie. gives a true and fair view). - 15 - ## **BEMIX** ## **INDEPENDENT AUDITOR’S REPORT** ## **TO THE TRUSTEES OF BEMIX** ___________________________________________________________________ ## **Extent to which the audit was considered capable of detecting irregularities, including fraud (continued)** We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit. ## **Other matters** The comparative figures included within these financial statements were not subject to a statutory audit. Nevertheless, we have obtained sufficient appropriate audit evidence that the opening balances do not contain misstatements that materially affect the current period’s financial statements. ## **Use of our report** This report is made solely to the charity’s trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charity’s trustees those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity’s trustees as a body, for our audit work, for this report, or for the opinions we have formed. **Azets Audit Services (Statutory Auditor) Chartered Accountants Statutory Auditor** ## _20 August 2025_ Date: ………………………. Globe House Eclipse Park Sittingbourne Road Maidstone ME14 3EN _Azets Audit Services is eligible for appointment as auditor of the charity by virtue of its eligibility for appointment as auditor of a company under section 1212 of the Companies Act 2006._ - 16 - bemix stalement of Financial Activilies for the year ended 31 July 2024 2024 2023 Irestotedl Unrestricted Restricted Funds Funds Totals Totals Note Income Donations 341 341 i 0.000 Income from choritoble octivitie5 1,441,513 87,741 1,529,254 1,254,100 other income 8,934 8,934 8,365 Total incoming resource5 1,450,788 87,741 1,538,529 1,272,465 Expendilvre Chariloble activities 11.686.933) 145,417111.732.350111,497,6411 Net Income/(expendllure) for the year 1236,1451 42,324 1193,8211 1225,1761 Tronsfers belween lund5 17,955 117,9551 Net movement in funds 1218.1901 36,124 11 ?3.8211 1225,1761 Fund bolonce5 broughl forword 189,0561 170,554 81,498 306,674 Fund balances carTled forward 1307.2461 194,923 1112.3231 81,498 bemix Balance Sheet at 31 July 2024 2024 2023 Irestatedl Note Fixed assets Tangible assets 28.848 28.139 Current assets Debtors Cash at bank and in hand 181,495 119,886 92.321 253,682 301,381 346,003 Current liabilities Creditors- due within one yeor 1171,0691 1146,6221 Net current asselsllliabilitiesl 130,312 199,381 Total assets less current liabilities 159.160 227.520 Creditors- due after more than one year 1271,4831 1146,0221 Net assetslldeficiti 1112.3231 81.498 Funds Unrestricted funds.. General fund Restricted funds 1307,2461 194,923 189,0561 170,554 1112,3231 81,498 These accounts were opproved and outh0ri5ed for issue by the tnjstees on 19 August 2025. l*Y M.Huggins I 9, 2025 07..44..52 GMT+II Michelle Huggins Truslee bemix statement of Cash Flows for the year ended 31 July 2024 2024 2023 Iresloledl Operoting octivities Net incomellexpenditurel for Ihe year 1193,8211 1225,1761 Adjustments Interest received Depreciation 19921 1.814 13241 13.859 Movements in working capitol Ilncreasel/decrease in debtors Increaselldecreosel in creditors 189,1741 5.277 9,632 31.783 Cash generated by/lu5ed inl charitoble operotions 1266,8961 1170,2261 Investing activities Equipment purchosed Interest received 112,5231 992 115,7661 324 Net cash flows from investing activities 115.4421 Finoncing activities Cash inflows from increased borrowing 144,631 151,283 Net increose/ldecre05el in cash ond cash equivalents 1133,7961 134,3851 Cosh ond cash equivalents at beginning of year 253.682 288.067 Cosh and co5h equivalent5 Qt end of year 119,886 253,682 REPRESENTED BY.. Cosh ot bonk ond in hond 119.886 253.682 19 bemix Notes to the Accounts for the year ended 31 July 2024 I Charlty Informatlon As stated in the Trustees, Report, bemix registered with the Charity Commission as a charitable incorporoted compony ICIOI on 17 November 2023 with chority number 1205783. On thot dote il converted from a community inlerest company Ic.i.c.l. The c.i.c. W05 a company limited by guarantee. and hod no share capital. On 17 November 2023 all assets and liabilities ol the c.i.c. were tronsferred at book value to the CIO. ond all controcts and octivities of the c.i.c. were transferred. bemix is a public benefit entity. The registered office 15 Office 44, Canlerbury Innovation Cenlre, University Road. Canterbury, Kent, CT2 7FG. 2 Accovnting policies Basls of preparatlon of accounts The accounts hove been prepared in accordance with the chority's governing document. under the historicol cost convention, and in occordance wilh the Choritie5 Act 2011 ond 'Accounting ond Reporting by Charities= Statement of Recommended Practice (Charities SORPI applicable to chorities preporing their occounts in occordonce with the Finonciol Reporting Standord opplicoble in the UK ond Republic of Ireland IFRS 1021 leflective l Jonuory 20191. Comporative figures for the prior year lo 31 July 2023 ore reported in accordance with the Companies Act 2￿6 ond Finonciol Reporting Stondord 102 Section l A. The tronsition in the reporting requirements means thot the figures are restated to reflect the Charities Act 2011 and "Accounting ond Reporting by Charities.. Statement of Recommended Practice" (Charities SORPI applicable to charities preparing their accounts in accordance with the Financial Reporting Slondard applicable in the UK ond Republic of Irelond IFRS 1021 (effective l Jonuory 20191. The accounts are prepared in sterling, which is the functional currency ol the charity. Monetary amounts in these accounts are rounded to the nearest £. Golng concern For the year ended 31 July 2024 the chority incurred o net negotive movemenl in funds of £193,821. ond os ot that date the charily's liabilities exceed its totol osset5 by £1 12,223. The trustees conlinue to adopl the going concern basis of accounting in preparing the accounts on the basis that there continues lo be support from key stakeholders. including lenders. lo enable the orgonisolion to meet its obligotions os they foll due over the next 12 months. bemix's ongoing ability to continue as a going concern is down to the finonciol success of Ihe programmes supported going forward ond three key areas of funding have been identified as critical to success over Ihe next 12 months. In June 2025. the organisation was oble to secure additionol funding from Natwest Social & Community Copitol which underpin5 the c05h reserves under o long lerm flexible lending ogreement. In the short lerm, further funding forlhe OMMT programme roll out has been contractually confirmed befv4een July 2025 and Februory 2026, providing the ability lo build reputation and relationships for this progromme to be sustainoble into the future. Sludent numbers for the Supporled Employment programme are on track for the 2025126 academic year Ilracking ahead of previous years) with potential lor future development into other regions looking increasingly possible. 20 bemix Notes to the Accounts for the year ended 31 July 2024 Icontinuedl Fund accountlng Unrestricted funds are ovoilable for use ol the discretion of the Trustees in furtherance of the general objective5 of the chority. Reslricted funds con be used only lor porticulor restricled purposes within the object5 of the charity. Restrictions arise when specified by the donor or when fund5 are raised for particular restricted purposes. Income Income is included in the statement of financial activities when the charity is legally entitled to the income, its receipt is probable, and the amount con be quantified with reasonable accuracy. Granls received are accounted for once conditions for receipt have been complied wilh. Where there are no conditions. grants are accounted lor when due. No linanciol value is attributed in the accounts to goods, facililies and Services which are donated. Expendlture Expendilure is accounled for on on occruols bosis. Costs ore allocoted between the expenditure cotegories ol the stotement of financial activities on o basis designed to reflect Ihe use of the resource. Cosls relating lo a particular activily are allocated directly, others are apporlioned on an appropriate basis. Expenditure on charitable activities comprises all expenditure incurred directly in pursuance of the chority, s choritable objectives. Irrecoverable V AT is charged as an expense against the aclivity lor which expendilure arose. Governance costs are those costs incurred in connection with adminislralion ol the chority in respect of compliance with constitutional and statutory requirements. Tanglble flxed assets Tangible fixed assets are initially measured at cost and subsequently measured ot cost less occumulated depreciation and any impairment losses. Depreciotion is provided ot a rote of 33% per onnum on o reducing balonce bosi5, to estimoted residuol value. The goin or loss orising on disposal of on asset is determined 0$ the difference between the proceeds and the carrying value of the 05set, and is recognized in the statement of financial activities. Flnanclal Instruments A financial asset or financiol liability is recognised only when Ihe chority becomes o poty to the contractual provision5 of the instrument. Basic financial instruments are initiolly recogni5ed at the transaction price, unless the arrangement constitutes a finoncing transaction, when it is recognised ot the present value of the future poyments discounted ot a market rate ol interest lor a similor debt instrumenl. Debt instrumenls ore subsequenlly meosured ot omortised cost. Lease rentals Operoting le05e rentols, where 5ubslontiolly oll of Ihe risks ond rewords of ownership remain with the lessor, ore charged to the stalement of financial aclivities when they are incurred over the period of the lease. The charity has no finance leases. Employee Benefits Payments lo defined contribulion pension schemes are charged to the statement of financial activities os they fall due. Taxation The charity is exempt from corporation tax on ils charitable aclivitie5. bemix Notes to the Accounts for the year ended 31 July 2024 Icontinuedl 3 Crltlcal accountlng estlmates and Judgements In the application of the charity'5 accounting policies, the trustees ore required fo make judgements, estimates and ossumplions about the carrying amounts of assets and liobililies that are not reodily opporent from other sources. The e5timotes and 05sociated ossumptions ore bosed on hislorical experience and other laclors Ihat are considered lo be relevant. Aclual results may differ from those estimates. The estimote5 ond underlying ossumption5 ore reviewed on on ongoing bosis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period. or in the period of the revision and future periods where the revision olfects both current ond future periods. Crltlcal Judgements The following judgements loport from those involving estimale51 hove had the most significont effecl on amounls recognised in Ihe financial slatements. Going concern As indicoted in note 2 it is the trustees, ossessment that the charity continues to be a going concem. Accordingly, assets and liabilities have been valued on Ihe basis that Ihe chority will continue in operation. If this presumption proved to be mistaken the carrying value of assets and liobililies would need lo be reappraised to reflect the impact of cessation. Key sources of estlmatlon uncertalnty The estimates and assumplions which have a significant risk of causing a material adjustment to the carrying amount ol assets and liabilities are as follows. Residual value of fixed assets The charity depreciales tangible assets over their estimated useful live5, and this annual depreciation charge is sensitive lo changes in the estimated useful economic lives and residual values ol the assets. The estimotion ol the useful lives of assets is bosed on historic performance as well os expectations about future use and therefore requires estimates and assumptions lo be opplied by management. The actual lives ol these ossets can vary depending on a variety ol factors. including technological innovotion, producl life cycles ond maintenonce progroms. Judgement is applied by management when determining the residual values for tangible fixed ossets. When determining the residual volue management aims to assess the amount that the charity would curiently obtoin lor the disp05ol ol Ihe 055et. if il were olreody of the condition expected ot the end of its useful economic life. Where possible thi5 15 done with reference to exlernol market prices. 22 bemix Notes to the Accounts for the year ended 31 July 2024 Icontinuedl 4 Charltable Income 2024 2024 2024 2023 Irestoledl Unreslricled Restricted Total Total Supported Employment Adult Groups & Services other projecls ond gronts 1,120,924 304.419 16,170 74,649 1,195,573 6.092 310.511 7.000 23,170 922,228 293.831 40,041 1,441,513 87,741 1,529,254 1,254,100 5 Other Income 2024 2024 2024 2023 Ireslaledl Unrestrictecl Restricted Totol Totol other income Room hire Interest received Electricity torifl income other income 2,257 992 2,257 992 1,470 324 4,010 2,561 5,685 5.685 8,934 8.934 8.365 6 Expendlture on charllable actlvllles By Fund Type Expenses during the yearwere as follows.. 2024 2024 2024 2023 Ireslaledl Unrestricted Restricted Total Total Slaff ond agency costs (note 71 Property C051s Office & administrative expenses Governance costs- audit lees Loon interest Depreciation 1,277.070 133,407 238,535 13.200 12.907 11,814 38,402 1,315.472 133,407 245,550 13.200 12.907 11,814 1,165.549 107,940 202,850 7,015 7.443 13,859 1.686.933 45.417 1,732.350 1,497.641 23 bemix Notes to the Accounts for the year ended 31 July 2024 Icontinuedl By Activity Type Expenses during the yeor were os follows.. 2024 2024 2024 2023 Irestoledl Activities Support Costs Undertoken Total Total Supported Employment Adult Groups & Services other projects & gronts Governance c05ts- audit fee5 Loon interest Depreciation 903,327 372.487 2,512 280,870 1,184,197 93.623 466.110 41,610 44.122 13,2 13,200 12,907 12.907 11,814 11,814 985,689 453.182 37,468 7.443 13,859 1,278,326 454,024 1,732,350 1,497,641 Analysis of support costs= 2024 2023 Irestoledl Total Total stofl ond ogency costs (note 71 Property C0515 Office & administrative expenses Governance costs- audit lees Loan interest Depreciotion 223.914 25,930 166,259 13.200 12.907 11,814 245.512 21.314 108,815 7.443 13,859 454,024 396,943 Support costs hove been estimated ond ollocoted on o bosis of on approximole time and cost split between the projects. 7 Employees 2024 2023 Ireslaledl Slafl payroll costs.. Wages ond solories Social security costs Pension costs Agency cover 1,125,140 80,915 50.037 59,380 1,020,861 69,779 49.233 25,676 1,315,472 1,165,549 24 bemix Notes to the Accounts for the year ended 31 July 2024 Icontinuedl The average number ol employees during the year was 7312023.. 721. A large segment of the bemix workforce work port-time hours. No employee received annual remuneration above £60,OW 12023.. 1 employee received total remuneration in excess of £60.000 bul below £70.0ffl1. Total remuneration for key manogement personnel was £214,26812023.' £255,6961. 8 Net movement in fund5 This is sloted after charging.. 2024 2023 Ireslaledl Auditor's remunerotion Depreciotion of tangible fixed assets Operating lease charges 13.200 11,814 79,222 13,859 68,858 9 Trustees and related parties None of the trustees. or ony person connected with them. received any remuneration or benefits during the yeor. No trustees, expenses were poid in the yeor. l O Tanglble Ilxed assets Equipment & Fixtures & Building works fillings Total Cost At l Augus12023 Addition5 in year 265,532 12,155 19,597 368 285.129 12,523 Carried forword at 31 July 2024 277.687 19.965 297.652 Depreciotion At l Augusl 2023 Charge lor the year 241,867 9.612 15,123 2.202 256,990 11.814 co￿led forword at 31 July 2024 251,479 17,325 268,804 Net book value At 31 July 2023 23.665 4,474 28.139 Net book value At 31 July 2024 26,208 2,640 28,848 25 bemix Notes to the Accounts for the year ended 31 July 2024 Icontinuedl I l Debtors 2024 2023 Iresloledl Income receivable Other debtors and prepayments 172,213 9,282 85,460 6,861 181,495 92.321 12 Credltors- due wlthln one year 2024 2023 Ireslaledl Bonk loons other loans Creditors & occruols Taxation & sociol security 10.180 57,927 75.171 27,791 9,904 39,033 72.218 25,467 171,069 146,622 13 Creditors- due after more thon one year 2024 2023 Irestoledl Bank loans other loons 13.930 257.553 24.110 121.912 271.483 146,022 Analysls of loans Loons due ofter more thon one yeor ore repoyable, by instolments. 05 follows.. 2024 2023 Ireslaledl Due in one year or less Due in more thon one yeor but not more thon fvrfo years Due in more thon two years but not more than five years Due in more than five years 68.107 70.703 172,258 28.522 48.937 36.528 100,928 8,566 339.590 194,959 26 bemix Notes to the Accounts for the year ended 31 July 2024 Icontinuedl The charity has an outstanding Bounce back loan with Co-op Bank which is due lo be fully repaid by the end of 2026. The charity also has oulstanding borrowng with hvo social lenders, Natwest Social & Community Capital and Kent Community Foundation. These loons will be fully repaid by January 2030 and June 2027 respectively. Both loons ore ot a fixed interest rates which will not be odjusted during the term. 14 Reslri¢led fund$ Restricted funds are as follows Balance al l August 2023 Ireslaledl Income Expenditure Tron5fers Bolance ot 31 July 2024 ESFA Capital 112,894 53,429 117,9551 148,368 ESFA Bursories ESFA Free School Meo15 Sussex NHS - Peer Advocacy Medway Council Grant Kent Community Foundation Grant Sport Together England 8,611 10,647 38,402 10,750 10,470 14,6821 12,3331 138,4021 14.679 18,784 2.0 5,0 6.092 2.000 5,000 6.092 170.554 87.741 145.4171 117.9551 194.923 Restricled funds are as follow5 Bolonce at l August 2022 Ireslaledl Income Expenditure Transfers Solonce ot 31 July 2023 Ireslaledl ESFA Capital ESFA Bursaries ESFA Free School Meals Sussex NHS - Peer Advocacy Colyer Fergusson- Sludenl Support Olher- Heolth Checks 72,984 5,113 6.315 70,252 30.000 6,WO 55,676 7,570 7.722 115,7661 112,894 8,611 10.647 38,402 14,0721 13.3901 131,8501 130.0001 16,CK)01 190.664 70.968 175.3121 115.7661 170.554 27 bemix Notes to the Accounts for the year ended 31 July 2024 Icontinuedl The funds of the chority include reslricted funds held for the following specific purposes.. ESFA Capilol - This funding is received in two separale calegories which can be spent on capital improvements. The restricted balances carried foward relate to unspent funds al the yeor end. Transfer5 befvieen funds represent the value of Ihe eligible capital expenditure incurred in the year. ESFA Bursorie5- This funding reloles to bursarie5 thot con be provided to sludent5 which meet the sel criteria following assessment. ESFA Free School Meals - This funding also relotes to funding thot can be provided to students which meel the set criterio following osse55menl. Medway Council Grant- This funding is specifically for the production of videos lo celebrate the two programme outcomes. Kent Communily Foundation Grant- This funding is lor Ihe research and development of Ihe Be A Leader programme to provide o follow up ond next sleps for the Iroining. Sport Together England - This funding is for Sport related programmes delivered through our Adult Groups. Sussex NHS- Peer Advocacy- This funding was provided for a Ihree year period to help provide leedbock to NHS providers on the experience of those living with autism and learning disabilities on their experience of core in the system. Colyer Fergusson-studenl Support-Thi5 funding was to provide follow up support progrommes lor those leaving the supported employment programmes and helped set up our Be A Leader programme. other- Health Checks- This funding related to Heolth Check support provided by members ol the bemix teom 15 Analysls of net assets befvieen funds 2024 Unreslricled Restricted funds funds Tolol funds Tangible fixed ossets Debtors & prepayments Bank bolances Creditors due within one year Creditors due after more than one year 28.848 181,495 175.0371 1171.0691 1271,4831 28,848 181,495 119,886 1171.0691 1271,4831 194,923 Net assets/ldeficitl 1307.2461 194,923 1112,3231 28 bemix Notes to the Accounts for the year ended 31 July 2024 Icontinuedl 2023 Irestaledl Unrestricted Reslricted funds funds Total funds Tongible fixed ossets Debtors & prepayments Bonk bolonces Creditors due within one year Creditors due after more than one year 28.139 92,321 83,128 1146,6221 1146.0221 28,139 92,321 253,682 1146,6221 1146,0221 170,554 Net ossets/ldeficiti 189,0561 170,554 81,498 The Trustees ore mindful ol the lact thot timing differences receiving funds from debtors led to short term usoge of restricted funds to supporl cash flow which led to Ihe unre51ricted cash balances held at the 31 July 2024 being negative. Since then, effort5 hove been mode to ensure that cash reserves are held for both restricted ond unrestricted funds and we are working with funding providers to ensure Ihe cash p051tion is more robust. 16 Commltments under operatlng leases At the balance sheet date, the charity had outstanding commitments for fulure minimum lease payments under non-cancellable operating leases os follows.. 2024 2023 Ireslaledl Due within one year Due within - live yeors Due afler five years 28.438 70,711 17,067 28.438 70,711 39,732 17 Resl(JFemenl of Prior Year bolances Further to the conversion of bemix c.i.c from o CIC lo o CIO during the yeor, the prior yeor's balances hove been restoted to present all amounts received from granl providers ond the ESFA in previous years to be recognised in line with the treatment required by the Charity SORP. In previous yeors, the occoun15 for the c.i.c hod been prepored in occordonce with Ihe Componies Act 2006 and Financial Reporting Standard 102 Section l A, therefore thi5 income hod previously been shown as deferred, with a corresponding liability on the balance sheet, as opposed to being recognised as income in the yeor it is received and corried forrfoard as a restricted fund. 29 bemix Notes to the Accounts for the year ended 31 July 2024 Icontinuedl The impocl ol this change in accounting basis is shown below'.- stalemenl of Finonciol Activilies 2023 2023 Irestotedl Total incoming resources Choritoble activities Net income/lexpenditurel lor the year 1.283.866 1,272,465 11,488,932) 11,497,641) 1205,0661 1225,1761 Balance Sheet 2023 2023 Irestotedl Creditors under l year Creditors over l year 324,033 139.165 146,622 146,022 Brought forward funds Net Funds Unrestricted Funds Restricted Funds 116,010 116,010 190,664 Totol Funds 306,674 Carried lopward fund Net Funds Unrestricted Funds Restricted Funds 189,0561 189,0561 170,554 Totol Funds 81,498 18 Post Balance Sheet Events Since the year end the Charity has secured an additional loan of £120,000 from Natwest Social & Community Capital for drawdown in August 2025. Additionally funding for Ihe OMMT programme roll out has been contractually confirmed of £615,OQK) to be received between July 2025 and February 2026. The Charity has also been successful in it5 Big Loltery Funding bid of £315.000, to roll out the Be A Leader programme which will be received over 3 years from July 2025. 30