for the Period Ended 30 November 2023
Directors report | |
Profit and loss | |
Balance sheet | |
Additional notes | |
Balance sheet notes | |
Community Interest Report |
Directors' report period ended
The directors present their report with the financial statements of the company for the period ended 30 November 2023
Principal activities of the company
Additional information
The objectives and main principal activities of the BAKUP CIC are Provide mobile emergency food relief packages and toiletries within thelocal community and where the directors will so decide across the North and West of Northamptonshire. b) Provide counselling, advice, andsignposting for people between the ages of 16 to 48 years within c) Provide flexible online courses to those over 25, single parents and thoseinterested in having career change in both the North and West of Northamptonshire. d) Provide older adults with a dedicated phone line andcommunity transport to combat loneliness, isolation and readmission to hospitals. e) Provide support for disadvantaged school children betweenages 7-16 f) Advocate and promote good Mental Health and Environmental Awareness. g) Provide well-being activities for disabled people andtheir families and hard-to-reach groups h) Provide warm space, drop-in and wrap-around support and signposting. i) Provide apprenticeships foryoung people to support them in getting back into work and building self-confidence. FINANCIAL REVIEW Financial position The board ofdirectors considers the financial performance of BAKUP CIC during the year to be good and satisfactory, given the unprecedented times we livein with the staggering cost-of-living crisis of the economy. The financial accounts are set out on pages eight to ten. The Statement of FinancialActivities shows gross resources for the year of a revenue nature of £105,310. Total resources expended were £105,275 hence BAK UP CICbreakeven, ensuring funds especially successful grants secured is judiciously spent to fulfil the conditions attached to the grants for the interest ofthe community benefit. However, any funds reserved at the year-end is deferred towards future projects. BAKUP CIC has always shared itsvision with various local people, the council and community at large, corporate organisations, residents and individuals to sponsor and support itsobjective via grant, bid applications and donations. Effectiveness of principal funding sources and grant application. The company relies ondonors and sponsors, and various donations from the members as identified in the accounts, whose support is greatly valued. And was verysuccessful in securing different grants mainly £53.4k, £9.9k and £29k from The Department for Culture, Sport and Media (DCMS) and TheNational Lottery Community Fund (the Fund), The National Lottery Community Fund and Crowdfunder Ltd platform respectively being itsmain income for the year 2023 financial year. As of December 2022; as an organisation we provided over 30,000 beneficiaries with emergencyfood parcels using FareShare calculations. This number has doubled in recent times and continues to increase. We still anticipate a rise in thedemand for our emergency food and toiletries. We managed to increase our voluntary capacity by 50% and, also projected the people whodirectly benefit from our emergency food and toiletries to be in the range of 1000-1500 beneficiaries by 30 November 2023. In the area of mentalhealth, we saw many people expressing their frustration and the rate at which things are going up including their mortgage. Many of these peoplewe spoke to were concerned about their basic needs and how to afford their children's out-of-school activities, energy costs etc while at the sametime, trying to stay afloat with everything going on. We were able to support many people by providing them with the tools and skills toovercome financial difficulties and take control of their mental well-being. The work that our volunteers have done during this financial year hasbeen extraordinary. Most of the volunteers including some of the managers have had lived experience and have been in similar situations andtherefore do get it when go far and beyond what is expected of them to ensure that the lives of the people they support improve and get better.Most of the time these volunteers do not receive even volunteer expenses, but they continue to make a difference because they would like to giveback to the community that supported them during their darkest times. In many ways, we did achieve what we set off to do but not without itschallenges. In the areas of emergency food and toiletries, the actual exceeded the expected and we saw more people through the doors and thephones to seek advice and additional support. Even though this financial year we did run at a breakeven, it is worth noting that we couldn’t haveachieved this milestone without the support of our dedicated partners including, The Department for Culture, Sport and Media (DCMS) and TheNational Lottery Community Fund (the Fund), The National Lottery Community Fund, Crowdfunder Ltd, Asda Foundation, Arnold ClarkFoundation, Aviva Community Fund, Cycling UK, Integrative Support, Wealden Leisure etc who through their funds and matching fund enabledus to meet and exceed our expectations. Furthermore, this financial year saw many more collaborations and partnerships from both West andNorth Northamptonshire Council and other diverse charitable organisations including the United African Association, Shine CIC, SupportNorthamptonshire, Christ Exalted and Northamptonshire Black Communities Together, with whom we worked closely to provided holisticsupport to most of the service users. We believe there is more work to be done through by ensuring our services are fit for purpose and continuesto meet the dynamic needs of people in our communities and also continue to create awareness through Agenda4Change.me.uk. -To get morepeople espercially the young adult to commit and see changes at the local level and involve more young people at the local level in decision-making and co-design and implement services fit for purpose and to develop their leadership skills. Support families and young people who havelimited access to technology gadgets with laptops and computers to improve their basic knowledge and academic performance in school andoutside of school. To bridge the digital literacy gap among hard-to-reach households. To lease a facility where all existing projects can becoordinated and expanded. To collaborate and work closely with strategic partners across the West and North Northamptonshire to shareknowledge resources, research and expertise to enable people struggling with mental health to live their best life and get access to vital supportwhen needed and address the wider determinants of health.
Directors
The directors shown below have held office during the whole of the period from
1 December 2022 to 30 November 2023
The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006
This report was approved by the board of directors on
And signed on behalf of the board by:
Name:
Status: Director
for the Period Ended
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The notes form part of these financial statements
This report was approved by the board of directors on
and signed on behalf of the board by:
Name:
Status: Director
The notes form part of these financial statements
for the Period Ended 30 November 2023
Basis of measurement and preparation
Turnover policy
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Intangible fixed assets amortisation policy
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We run a mobile foodbank where volunteers take boxes of food to over 60's who have mobility issues and people facing financial hardship. We did improve our you engagement and youth engagement offer. We were able to cater for the increase in demand due to the cost of living crisis.We managed to increase our voluntary capacity by 60% and that directly led to over 35% additional support for older people, families and single parents.Our active wellbeing activities also saw many people from Black and ethnic minority groups taking on physical activities at a time that is more suitable for them. Also. some disabled people and their families in the local community benefited from the active wellbeing initiative. Over 3000 beneficiaries at the end of the year had some level of support from us.Between 20-30 people including disabled people and their families benefited from our active wellbeing sessions and signposted over 30 people for additional support.In the area of mental health, we saw many people expressing their frustration and the rate at which things are going up including their mortgage. Many of the people we spoke to were concerned about their basic needs and how to afford their children's out-of-school activities, energy costs etc while at the same time, trying to stay afloat with everything going on. We were able to support many people by providing them with the tools and skills to overcome financial difficulties and take control of their mental well-being.
The company's stakeholders are local residents, volunteers and some members of the community who have interest in the work carried out by the organisation in the community.All the directors of the company have lived in the local area for so many years and are fully aware of the various challenges faced by most people.Our engagement with local people and volunteers through face to face discussions, and surveys made us realised the need to provide additional wrap around support through collaboration to provide holistic service to local people. Since then we have managed to put in place a weekly drop-in sessions that see between 10-15 people each week who have multiple needs receiving additional support.Also, based on the feedback received from the local people we started to provide additional training to help those who are at the verge of becoming homeless to enable them use what they have to support their children and themselves.
The total amount paid by directors in respect of qualifying services was £15,000.There were no other transactions or arrangements in connection with the remuneration of directors, or compensation for director’s loss of office, which require to be disclosed.
No transfer of assets other than for full consideration
This report was approved by the board of directors on
30 March 2024
And signed on behalf of the board by:
Name: Prince Caesar
Status: Director