REGISTERED COMPANY NUMBER: |
REGISTERED CHARITY NUMBER: |
Report of the Trustees and |
Unaudited Financial Statements for the Year Ended 31 December 2024 |
for |
The Bucks Association for the Care of |
Offenders |
REGISTERED COMPANY NUMBER: |
REGISTERED CHARITY NUMBER: |
Report of the Trustees and |
Unaudited Financial Statements for the Year Ended 31 December 2024 |
for |
The Bucks Association for the Care of |
Offenders |
The Bucks Association for the Care of |
Offenders |
Contents of the Financial Statements |
for the Year Ended 31 December 2024 |
Page |
Report of the Trustees | 1 | to | 2 |
Independent Examiner's Report | 3 |
Statement of Financial Activities | 4 |
Statement of Financial Position | 5 | to | 6 |
Notes to the Financial Statements | 7 | to | 11 |
The Bucks Association for the Care of |
Offenders (Registered number: 12117355) |
Report of the Trustees |
for the Year Ended 31 December 2024 |
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 December 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019). |
OBJECTIVES AND ACTIVITIES |
The Bucks Association for the Care of Offenders ("BACO") aims to help prevent re-offending. It does this by making small grants and providing educational and training materials and initiatives to serving prisoners, those released on temporary licence and to support ex-offenders living in the county of Buckinghamshire and Milton Keynes. |
ACHIEVEMENT AND PERFORMANCE |
The charity has successfully achieved the objects and has raised funds to enable this work to continue. The Board met four times (including once via Zoom). The AGM was held on 8th May 2024. The Directors/Trustees/Executive Committee have continued to steer BACO on a financially sound path. |
FINANCIAL REVIEW |
The following financial accounts show the result of the activities undertaken in the past year. An increase of assets of £48,497 has been recorded. BACO's reserves policy is to maintain at least three months of the annual budgeted expenditure in cash reserves. |
STRUCTURE, GOVERNANCE AND MANAGEMENT |
BACO is a Charitable Company Limited by Guarantee. The Directors/Trustees of the charity fulfil various executive roles. There are no salaried staff and no offices. The number of Directors/Trustees shall not be less than three nor more than nine with a three-year term and may be appointed for a maximum of three terms. |
The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Companies Act 2006. The Trustees are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities. |
The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006 and in accordance with the Charities SORP (FRS 102). |
REFERENCE AND ADMINISTRATIVE DETAILS |
Registered Company number |
Registered Charity number |
Registered office |
The Bucks Association for the Care of |
Offenders (Registered number: 12117355) |
Report of the Trustees |
for the Year Ended 31 December 2024 |
Trustees |
C R Soames (Chair person, Fundraiser & Prisoner Support Volunteer) |
J G Barclay (Governance - resigned 8 May 2024) |
C Donald (Membership Secretary) |
A Muir (Prisoner Support Volunteer) |
R S Farwell (Education & Training Lead & Prisoner Support Volunteer) |
N Ross (Prisoner Support Volunteer - appointed 14 January 2025) |
R Rossington (Grants Administrator) |
C L Serjeant (Treasurer) |
Honorary Personnel |
President Countess Howe, HM Lord Lieutenant for Buckinghamshire |
Independent Examiner |
Fizz Accounting Limited |
6a St Andrews Court |
Wellington Street |
Thame |
Oxfordshire |
OX9 3WT |
Approved by order of the board of trustees on |
Independent Examiner's Report to the Trustees of |
The Bucks Association for the Care of |
Offenders |
Independent examiner's report to the trustees of The Bucks Association for the Care of Offenders ('the Company') |
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 December 2024. |
Responsibilities and basis of report |
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act'). |
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act. |
Independent examiner's statement |
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe: |
1. | accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or |
2. | the accounts do not accord with those records; or |
3. | the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or |
4. | the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)). |
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. |
Jane Park ACA |
Fizz Accounting Limited |
6a St Andrews Court |
Wellington Street |
Thame |
Oxfordshire |
OX9 3WT |
Date: ............................................. |
The Bucks Association for the Care of |
Offenders |
Statement of Financial Activities |
for the Year Ended 31 December 2024 |
31.12.24 | 31.12.23 |
Unrestricted | Restricted | Total | Total |
fund | funds | funds | funds |
Notes | £ | £ | £ | £ |
INCOME AND ENDOWMENTS FROM |
Donations and legacies |
Other trading activities | 2 |
Investment income | 3 |
Total |
EXPENDITURE ON |
Raising funds |
Charitable activities |
Other |
Total |
NET INCOME/(EXPENDITURE) | ( |
) | ( |
) |
RECONCILIATION OF FUNDS |
Total funds brought forward |
TOTAL FUNDS CARRIED FORWARD | 37,041 |
The Bucks Association for the Care of |
Offenders (Registered number: 12117355) |
Statement of Financial Position |
31 December 2024 |
31.12.24 | 31.12.23 |
Unrestricted | Restricted | Total | Total |
fund | funds | funds | funds |
Notes | £ | £ | £ | £ |
CURRENT ASSETS |
Cash at bank |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
NET ASSETS |
FUNDS | 6 |
Unrestricted funds | 31,043 |
Restricted funds | 5,998 |
TOTAL FUNDS | 37,041 |
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024. |
The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006. |
The trustees acknowledge their responsibilities for |
(a) | ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and |
(b) | preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company. |
The Bucks Association for the Care of |
Offenders (Registered number: 12117355) |
Statement of Financial Position - continued |
31 December 2024 |
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime. |
The financial statements were approved by the Board of Trustees and authorised for issue on |
The Bucks Association for the Care of |
Offenders |
Notes to the Financial Statements |
for the Year Ended 31 December 2024 |
1. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. |
Income |
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. |
Expenditure |
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. |
Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure. |
Taxation |
The charity is exempt from corporation tax on its charitable activities. |
Fund accounting |
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. |
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. |
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. |
2. | OTHER TRADING ACTIVITIES |
31.12.24 | 31.12.23 |
£ | £ |
Fundraising events |
The Bucks Association for the Care of |
Offenders |
Notes to the Financial Statements - continued |
for the Year Ended 31 December 2024 |
3. | INVESTMENT INCOME |
31.12.24 | 31.12.23 |
£ | £ |
Deposit account interest |
4. | TRUSTEES' REMUNERATION AND BENEFITS |
There were no trustees' remuneration or other benefits for the year ended 31 December 2024 nor for the year ended 31 December 2023. |
Trustees' expenses |
There were no trustees' expenses paid for the year ended 31 December 2024 nor for the year ended 31 December 2023. |
5. | COMPARATIVES (YEAR-END 31.12.23) FOR THE STATEMENT OF FINANCIAL ACTIVITIES |
Unrestricted | Restricted | Total |
fund | funds | funds |
£ | £ | £ |
INCOME AND ENDOWMENTS FROM |
Donations and legacies |
Other trading activities |
Total |
EXPENDITURE ON |
Raising funds |
Charitable activities |
Other |
Total |
NET INCOME/(EXPENDITURE) | ( |
) | ( |
) | ( |
) |
RECONCILIATION OF FUNDS |
Total funds brought forward | 35,278 | 7,605 |
TOTAL FUNDS CARRIED FORWARD | 31,043 | 5,998 | 37,041 |
The Bucks Association for the Care of |
Offenders |
Notes to the Financial Statements - continued |
for the Year Ended 31 December 2024 |
6. | MOVEMENT IN FUNDS |
Net |
movement | At |
At 1.1.24 | in funds | 31.12.24 |
£ | £ | £ |
Unrestricted funds |
Unrestricted funds | 31,043 | 48,549 | 79,592 |
Restricted funds |
Restricted funds - City and Guilds of London Institute |
5,998 |
(52 |
) |
5,946 |
TOTAL FUNDS | 48,497 | 85,538 |
Net movement in funds, included in the above are as follows: |
Incoming | Resources | Movement |
resources | expended | in funds |
£ | £ | £ |
Unrestricted funds |
Unrestricted funds | 85,779 | (37,230 | ) | 48,549 |
Restricted funds |
Restricted funds - Thames Valley Community Fund |
5,000 |
(5,000 |
) |
- |
Restricted funds - Aldo Trust | 750 | (750 | ) | - |
Restricted funds - Heart of Bucks | 2,000 | (2,000 | ) | - |
Restricted funds - City and Guilds of London Institute |
- |
(52 |
) |
(52 |
) |
( |
) | (52 | ) |
TOTAL FUNDS | ( |
) | 48,497 |
The Bucks Association for the Care of |
Offenders |
Notes to the Financial Statements - continued |
for the Year Ended 31 December 2024 |
6. | MOVEMENT IN FUNDS - continued |
Comparatives for movement in funds |
Net |
movement | At |
At 1.1.23 | in funds | 31.12.23 |
£ | £ | £ |
Unrestricted funds |
Unrestricted funds | 35,278 | (4,235 | ) | 31,043 |
Restricted funds |
Restricted funds - Thames Valley Community Fund |
4,186 |
(4,186 |
) |
- |
Restricted funds - Heart of Bucks | 3,419 | (3,419 | ) | - |
Restricted funds - City and Guilds of London Institute |
- |
5,998 |
5,998 |
7,605 | (1,607 | ) | 5,998 |
TOTAL FUNDS | 42,883 | (5,842 | ) | 37,041 |
Comparative net movement in funds, included in the above are as follows: |
Incoming | Resources | Movement |
resources | expended | in funds |
£ | £ | £ |
Unrestricted funds |
Unrestricted funds | 34,086 | (38,321 | ) | (4,235 | ) |
Restricted funds |
Restricted funds - Thames Valley Community Fund |
- |
(4,186 |
) |
(4,186 |
) |
Restricted funds - Aldo Trust | 750 | (750 | ) | - |
Restricted funds - Heart of Bucks | - | (3,419 | ) | (3,419 | ) |
Restricted funds - City and Guilds of London Institute |
15,500 |
(9,502 |
) |
5,998 |
16,250 | (17,857 | ) | (1,607 | ) |
TOTAL FUNDS | 50,336 | (56,178 | ) | (5,842 | ) |
The Bucks Association for the Care of |
Offenders |
Notes to the Financial Statements - continued |
for the Year Ended 31 December 2024 |
7. | RELATED PARTY DISCLOSURES |
8. | RESTRICTED FUNDS - PURPOSE AND RESTRICTION ON FUNDS |
Thames Valley Community Fund - Grants to ex-offenders with aim to reduce reoffending through education, employment and training within Buckinghamshire and Milton Keynes. |
Heart of Bucks - Grants to ex-offenders with aim to reduce reoffending within Buckinghamshire, plus other support costs. |
Aldo Trust - Grants to prisoners or recently released prisoners at no more than £25 per person for educational, welfare and employment purposes. |
City and Guilds of London Institute - to develop an award bearing programme for prisoners to take the lead in providing enriched learning in the gym and where relevant, obtain the skills and qualifications to facilitate entry to an employment route in the fitness industry on release. |