REI GISTCRED COMPANY NUM IIIR: 02980306 (Ei iiglan(l aiiil W#lLs) RC¢GISTCRED CHARITY NUMBER: 1072681 Truslee$' Report Aiid UiiAu(Ilt¢d Fliiaiicilll Stiitements for the Yeai. Ci nded 31 Decelliher 2023 for BBK Parti)eriliip Chwleved Accountaiits & Sthlliiory Aiiditols l Beaiichai)Ip Coiirt 10 victo Way Barnet Hci'ifordsl)ire EN5 5TZ
C(Jiiteiits oftl)e Fliii)i)clal Staten)eiit5 ror tlie Year Fii(led 31 Dee¢iiiber 2023 P#ge Trustee$, Report * Mergy fiii(I Cmi'bon Report formiiig part of tlie Triist¢es' Report Indepeiid¢llt Ex*ii)Iiioi s Report SIMleineiit of FinanLlal Acllvllle Bmlaiice Slieet Notes to tli¢ Fiii&nclal Slateniciits 9 10 14 D¢lalle(I St4tenienl of fi Iiifti)elal Aetlvilles 15
IFIC Tnisle¢s' Report for tlie Year F.iide(131 DeL'eiiib¢fft' 2023 'riie Ii'uslees Nvlio are also directoi's of the cl)cirily toi. 11)¢ piiri)oses of11)e Coii)i)i?nies ALI 2006, preseiit tl)eir repoi1 willi Il)e rinaiiL'ial sl(Ileiiiei)Is of Ilie ehai'ily for Il)¢ yeai. ei)d¢d 31 De¢einber 2023. Tlie ti-ustee8 h1¢ ve adopled the pi'ovisioi)s of Accounliiig and Reporting by Cliarilies.. Sialeii)cnl of Recoinilleiided Pracii¢e applicable lo cl)¢1rilies prep<lring 11)eii' i)Lcoiinis it) nccoi'(lance willi Ilie fiiiai)eilll Rci)orliiiL' Siai)d1¢ rd api)Iic(Ible ii) Ille UK aiid Repiiblic of Ii'¢laii(l (fRS 1021 (elT¢ciiv¢ I Jic IILiaiy 2019). sriiucTURI, GOVEIINANCE AND MANACCMCIYI, Govci'iilIig (loeuiiitiil Tli¢ cliariiy is coiili'olled by it8 gov¢rnii)g docLiinei)l ai)d coiislilules i( liiniled coi))pany, liiiiited by guai?i)tee, as d¢fii)ed by Ilie Coiiipllnies Act 2006. REFElllI NCE AND ADMINISI'RATIVE DETAILS Reglslercd Cnnipmiiy iiuml)er 02980306 (Ei)&ylai)d llnd Wales) Registered Charlty iiumber 1072681 Reglslcrod omc¢ Sl Jaines Flouse ViLdl' L,Hiic Sl)eftield Truslees Dr N A Wiggleswoi'tl) Ll)air (resigi)ed 31 Dec 2023) Mi's rj s Call TrLislee (Cl)llir sii)ce l Jan 2024) Pi'ofessor M A CrLiickslil1 lik I'nislee aiid TreasLirer l)I' B I,ylsy Ti'iistee aiid Secretiiry l)I' G faliiiiy Ti'usiec Mi, N J G J11 cob Gobtc I I'LI.8I¢c Mrs R Mui'iiicas Trustee Di, I, Lavigiie I'rLisI¢c Pi'of.i)I' A J Cirisold Trustee (since l Jiiii 2n23) Di'll .%i¢ I'diii)ft "I'i'iistees (sii)ce l .1¢1112023) Dr C B l.. Bi'aiico foi1aleu Triislee (I'esigi)ed 31 Dec 2023) CoJiii)niiy Seei'otayy Di. B LJ4sy Iiidei)eiideiit f¢ xthniliier BBK Parli)ersl)ip Charlered Accoiinliii)ts & Slalulory Auditors l B¢aLicliainp Colirt 10 victo Way Baniei l-lenfordsl)ir¢ EN5 5TZ Appioved by oiler of Ilie bollrd of Ii'uslees 011 3 Sepieinbei. 2024 aiid sigii¢d on ils behalf by., Dr B Lyisy - Secret¢iry PagFe I
liidei)eiideiit E%aminei s Ilepoi'l to tlie Trustees or for tlie Year i)Iled 31 Decembei. 2023 IFIC Indti)eiident exainlner's report to thv trustees of IFIC ('tlie Conipany,) I report lo tl)e chai'ily Ii-uslees on ii)y exaii)iiialioii ofil)e ac¢oui)ts of tlie Coiiipai)y foi. tl)e yeai. ended 31 Dec¢iiiber 2023. Re5poiislbllilies aiid basis of report As the charity's Ii-ustees of Ili¢ Company (aiid also its directors for the purposes of coinpany law) you arc responsible For the preparrfilion of the accounts it) a¢cordai)c¢ willi (he requirtsnients of the Coinpani¢s A¢1 2006 ('Ihe 2006 Act,). 14aving salisfied i))yself that Il)¢ accouiils of the Coiiipany are iiot required lo be audited ui)der Parl 16 of the 2006 Act and are eligible for ind¢p¢iidenl exaniination, I reporl in r¢specl of my examination of your charity's accthints as cari'ied out under Section 145 of11)e Cliarilies Act 2011 {'Ihe 201 l Avl,). carrying out niy exaininalion I have followed tlie Direclions Eiven by the Charity Coinmission uiider Section 145(5) (b) of Ihe 2011 Act. Independent ¢xarnlncr'$ slateiiieiit I have completed my exainini1tioi), I coiifirm Ih&l no Inallerb l)ave come 10 Iny attention in ¢onnectioii with Ilie examination giving me cause to believe.. accounting records wcre not k.cpt li) resi)ect of th¢ Coinpany ay required by Section 386 of tlie 2006 Act. or the accounts do not a¥cord willi Il)ose r¢cords' or lh¢ accounts do not coinply with Ilie accountii)g requiremci)Is of Seclion 396 of the 2006 Act oilier 11)an aiiy reqiiireinenl that th¢ accounts give a trlie ai)d fair view which is not a matter considered as part of an independ¢nl examination. or Ihe accounts hav¢ iiot been prepared iii accordhnce willi the Inelhods aiid prlnclples of the Slaiemeiil of Recommei)ded Pniclice for a¢coiii)ling fiiid r¢i)orting by chai'ities (applicable to charities preparing tlieii. accounts in a¢cordan¢e witli the I,"Inancial Reportiiig Slaiidard applicable in th¢ UK and Republic of Irelttnd (P'RS 102)). I have no ¢oi)cerns and liov¢ comc across iio ollicr Inatlers in ¢oi)neclion will) the eYaiiiin£tlioii to wliicl) allei)tion slioiild be drawn in 11115 report ii) order to en4ble a propcr iinder8landin8 of Ilie accoiinls lo b¢ reacl)ed, Alan Kaye fcA BBK Pajtnership Chwtcred A¢coui)lants & Stallltory Auditors l BeDu¢hamp Court l O Vi¢lorJ Way Bamet Hcitfordshire EN5 5TZ Dale: ..,,,,..,......,......,.. Page 2
IFIC Sloteiiieiit of Fiiii)i)ciAI Actlvlties foi, tlie Yellr Etided 31 Dec¢iiibei' 2023 31.12.23 Toliil fiinds 31.12.22 'rolal fiii)ds Uni'esiricled f(Inds Restricted rui)d Noles INCOME AND CNDOWMENTS I",ROM Donalioiis aiid lebacies 25,570 25.570 7,845 XPF.NI)ITURE ON Raising liiii(Is 43,169 43,169 24,432 NlfT INCOMFI(EXPENDITUIIE) (17,599) {17,599) (16,587) JILCONCILIATION or ruNDS I'olul fiii)d.% bioliglil forward 64,355 64,355 80.942 TOTAL FUNDS CARIIILD foiiwAIiD 46,7.fj6 46,756 64,355 Tlie notes foi'iii part of these finai)cial Slalemei)ts Pu&pe 3
IFIC J3Alance Slieet JI DeceJ))bei' 2023 11.12.23 "rol<il Ilinds 31.12.22 Tol¢l1 riiiids Ui restricted Ilinds ReslriLted fiind rixr.D ASSLI'S Tai)gible assets 89 89 107 CUIIIIENT ASSEI'S Debtors Casli al bank 11,874 52,579 11,874 52,579 11,858 72,314 64,453 64.453 84,172 CRf.DITORS AIiioLiiils fiillii)&y dLl¢ within oiie year (17,786) (17,786) (19,924) NET CUIIREI NT ASSETS 46,667 46,667 64,248 TOTAL ASSEI'S LFSS CURRCNT 1,1 ABI LITIEI. 46,756 46,756 64,355 NIT A,SSF.TS 46,756 46,756 64,355 FUNI)S Uiire51ricl¢d rtinds 46,756 64,355 TOTAL FUNDS 46,756 64,355 Tlie cliarilablo Coinpaiiy is eiitil'le(I to ¢XClllPlion fi'oi)) aiidil iii)der S¢ctioi) 477 ofil)e Coi))pai)ies Act 2006 foi. Ili¢ yeai. ended 31 Deceiiiber 2023. 'lie iiicinbei's liaye iiol requii'ed the coi)IPlllly lo obiaiii ai) aiidil of ils tiiiai)cial stiiteiiieiits for Ilie year ¢iid¢d 31 Decei)Ibei' 2023 iii accordance with Seclioii 476 of Ilie L'oiiipanies Act 2006. Tlie trustees aeknowledge Iheir respoiisibililies toi. la) ensLlI'lll& Ilial Ilie cliarilllble coinpni)y keeps accoLllItIll&F reco15 that coiiiply witli Seclions 386 oncl 387 of Il)e C.oniplli)ies Aci 2006 aiid preparing fiiinnci&l statenienls wl)icli give a Inic and fair view of Ihe slate of alYAiis of tlie cliaritable company as ai the end of each fiiian¢ial yeai. ai)d of 115 siii'pliis oi. d¢ficil toi. eacli fiiiaiiLial year in aCLordaiice with Il)e r¢(iiiiremeiil8 of Sectioiis 394 c11)d 395 and wl)ich olhei'wise coinply willi Ilie reqiiir¢iiienls of the Coiiipaiiies Act 2006 relkilin& lo rinanci2I I slale111eiils. so far as lli)pli¢able to the charitable compai)y. Ib) I'l)e iiotes fonii Pii rt of tl)ese fii)aiicitil slaleiiieiits Page 4
IFIC
Ilalaiice Sli¢el- coiilinved
31 Decenib¢J' 2023
"riiese Iii)aiicial slai¢in¢nls liave beeii preyai'ed in llc¢or(laiiLe witl) the provisioiis ai)pli¢able ro cl)al'iliible compai)ies siibjecl
lo Ihe si)iall COliiP
IFIC Notes lo tlle Fin*iielMI Slateiiiet)ts ror Ili¢ Yenr Ei iid¢d JI D¢cen)boi' 2023 ACCOUNI'IliG POLICIES Iliisis of pi'ei)xrliikts tli¢ fiii#Ji¢ial slaleiiiLJIIs I'he fiiii¢ ncial slaleii)eiils ol. Ilie ¢l)ai'il<ible coiiipany, wl)icli is a Pliblic benefit eiiliiy iii)Ilei' fRS 102, have bceii prepar¢d in accordance willi tl)c Cl)clrities SORP (I,'IIS 102) 'Accoui)liiig tind Ileporliilg by Cliai'ili¢s.' Sial¢iiieiil of Reeoiiii))eii(led Pr<iclice npplicable lo cl)cll'ilies pr¢pariiig Ili¢ii' accouiils ii) aecordance with tlie I". inanci¢il Reportin Standl.d ¢ipplicable in 11)e U K and Republic of Ii'eliii)d (FRS 102) (effcclivc l J¢inuary 2019),, Fiiiai)cial Reportiiig Siaiidard 102 'ri)e Fii)aiicial Repoi'iii)g Siaiid41rd 47pplicablc ii) Ilie UK ai)(l Rcpiiblic ot. Ii'¢1&11)d' Ill)d Ilie Coiiipciiiies Act 2006. 'ri)e friiiai)cial stllleiiieiils li<lve b¢en pi'epai'ed iiiidei. the l)isloi'i¢al cost coiivei)lioi), All iiicoinc is I'ecogniscd in tl)e Staleineiil or ri inaiicial Aciivilies oiice Ilie cllariiy has eiilitlei)Iciil lo 11)e funds, it is probable that Ilie incoiiie will be IEeeived und the aiiiounl cllii be iiica$iired Irliably. Exi)cJidllure LiabililiLs are recoginised as expeiiditurc as soon a8 there is a Ic&yal oi. ¢oiisli'iiclive obligalioii coiniiiilling tlie cliai'ily to Iliat i.xpeiidiiLlI'e, li is prot)able Ililli a Ii'ai)sfer of ecoiioinic bei)cfils will be rcquired in scllleinei)l aiid Ilie ainoiinl ofilie obligii 11011 CLII) be i)ILilSLired reliably, r,xpci)diliii'e 18 ftccoiii)le(I for ori nii ac¢i'iials basi8 aiid l)as bceii classified Liiider l)eddiiigs Iliat aggi'egalc ull cost reliled lo ilic category. Whei'e co818 CEiiiiioI be (lii'eclly allribuled io paiXiciilHI' headii)g5 Iliey have beei) allociiled lo activities oli a bfisis coiisisleiit willi 11)e iise of resoiii'Le.8. T4iiiglblo nxed RS5oIs Dei)I'eciiilioi) is piovi(li'd al Ilic followii)g ai)iiiial rales Iii order lo writ¢ off each as5el over ils esliiii&led iisefLII life, FixlLires aiid fillii)b)% Coiiipulei. equipii)Lni 150/0 011 I'¢diiciiig balance 25Q/ts oli r¢(ILlCilig biilniice I'nxHIIoii Tli¢' cl)ai'ily is exeiiipi Iroiii corpoi'lllioii lax on ils Ll)iirilfiblc aLlivilies. Fiiiid iiecouiilliig Uiireslricled fiinds cali be iised iii &ccoiLliiiice with tlie cliai'ilftble obj¢¢iives at11)e di5¢relioi) of tl)e Inist¢es. Resli'ieicd lunds Lall oiily l)e use(1 for p£irtlLiilai' I'estl'icled piirposes within Ihe objecls of ilie cliorily. al'is¢ wl)cii speLifi¥d by Ilie doiioi. or wlien fiiiids are I'aisld foi, parlicliliir r¢sli'ici¢il PLiiyoses. Rcsii'iclions Fuitl)ei' explai)alioii ofilie naliire anil pui'i?ose of eacli fiiiid is incltided iii Ilie noics lo Ilie financial sloteiiieiils. Piig?e 6
Notcs ID Ilic Fii)4iielal Stalenieiils- coiiliiiiied
for the Yeai. iide(131 D¢¢eiiiber 2023
RAISING FUNDS
IIAlsli)g (loiiations aii(I logAL'ies
31.12.23
31.12.22
nsiiriince
Ti'avelliiig- Boai'd Meetings
Coiifer¢i)ces
ijic
Support Losts
1,309
3,376
13,668
5,315
19,501
1,276
7,582
15,574
43,169
24,432
NET INCOMLI{EXPENDITUIIE)
Nel iiiLoiiiel(expei)diliii'¢) is slaied aftei, cli
Notes lo Ilie fi intincial,Stlllenieiils- eoiitii?ue(I rur tlie YeMI' Eii(te(131 De¢einber 2023 TANGIBLE FIXED AS,SETS r xtures Coiiipiiler eqtiipiiieiil filliiiLS Totals COST Ai l J111uaiy2023 uiid 31 DeLeinb¢r 2023 1,716 2,029 3,745 I)LPRf.ClATION Al l Jiiiuaiy 2023 Chargi¢ foi. yeai. 1,649 10 1,989 3,638 18 Al 31 DeL¢inber 2023 I,C).59 1,997 3,656 NF.T BOOI< VALUI,. At 31 Deceiiiber 2023 57 32 89 Al 31 Deceiiibcr 2022 67 40 107 DEIITORS 31 12,23 31.12.22 AI)Ioui)Is fiillii)g> due wiiliiii one ycai.; OIliLr dLbioi's 11,858 Aiiiouiils fiilliiigi du¢ ftfter iiiore Iliaii oi)¢ year.. 'rnde (lebioi's 11,874 A&&iirgiiie aillounls 11,874 1,858 Page 8
Not¢s lo tlie fiiiAIReial Sliiteiiiciits- coi)tiiiueil for tlIL' Yei)r Fii(IL(131 DLccnibLr 2023 CREDITORS: AMOUNTS fALLINC I)UC WITHIN ONE YEAR 31.12.23 31.12.22 Ti'fi(le credil()I's Aeci'iials and defeii'cd ii)¢oiiie Acci'ued expei)s¢s 4,416 11,750 1,620 16,684 3,240 17,786 19,924 MOVEMf.NT fiUNDS Net i)iovein¢nl in fiiiids Al 31112ll3 1 111123 Uiireslrietcd fiinds GLiierril fiiiids 64,335 117,599) 46,756 TOTAL fuNDS 64,355 117,599) 46,756 Ncl i)iovei)ieiii iii Iliiids. iiiLliiiled iii the above iiir t¢%. follows., Rc>*OiII'C¢S exi)ei)dcil Movlincnl r sour¢cs Unrcslrlctc(I fijiids 25,570 {43,169) (17,599) TOTAL fuNDS 25,.$70 (43,169) (17,599) Conip#rMllv¢s foi. niovenioiit Iii fiiiiils Net i))ovci)ienl iii lunds Ai 31112Q2 1 111122 Uiirestrlcted fiiiids Geiieral flinds 80,942 116,587) 64,155 TOTAL PUNDS 80,942 (1 (1,587) 64,355 Pag¢ 9
IFIC Nol¢b lo tlie fiiiaiieial Staleiii¢iils- ('oi)tii)ue(I ror IhL' Yeiii. fJll(led 31 DLceiiib¢r 2023 MOVEM fi Nl. IN FUNII,S- coiilli)Iic(I Coiiii)aralive i)el Inov¢iiieiil iii ftiiids, iiiclude(l in Ilie ¢1bove arc 1( 8 folloiiis: IIiLoining resouires ResoLII'CLJS expciided Moveiiiciit UJ)I'estricted fiiiid5 Gcneral fiiiids 7,845 (24,432) ( IC?,587) TOTAL fuNDS 7,845 (24,432) (16,587) A curiri)i yeai'12 Iiioiiilis aiid priDI' yeai'12 iiioiillis coii)bii)ed posilioii is as follows,. Net Ai 31112123 Ai111122 Uiirii.$lrlLted fiiiids Gciiei'dl fiii)ds 80,942 (34,18(1) 46,756 TOI'AI, FUNDS 80,9412 (34,18() ) 46.756 A ¢iii'r¢i)l ye<ll'12 iiioiillis aiid pi'ior yelli'12 Inoi)Il)s coinbined iiet iiiovciiienl iii fLiiids, iiicliidcd iii Ilie llbove are as rolluws: In¢oniing resoLII'CCS Rc8oiir¢¢s expeii(l¢d Moveni¢iii in fiiiids Uiiresli'leted fiiiids Geiieral liii)ds 33,415 {67.C)lll ) (34,186) TOTAL FUNDS 33,415 ((17,6(11) (34,186) Pagye l O
Notes to Ilie fiii#iieial StAleiiiei)Is- coiitTiiiied foi. I'lie Year F.iidc(J 311)eceiiibLr 2023 10. RfLATfi l) I>ARTY DISCLA)SURES Tliei'e wei'L no reliiie(I i)ai'ly transactions for the }iear ended 31 Deeeiiibei. 2023. Page11
l)elallL'(I SlJten)eiil of fiiiaiicial Activltles for tl)c YL'ar Cf n(Ic'd 31 DLL'eiiibcR' 2023 31.12.23 Jl,12.22 INCOME AN[) ENI)OWMfi NTS Doiialions #ii(I legAcie5 Meinbership fees Unirsli'iclcd Funds MeinLKi3lilp fees - Iiidividuiils Donalions - Unr¢sli'icied L)oiialioiis- Rlsiricled IPAC C'aiiad4 Scl)olai'.8hip ii)come Oilier Iiicoit)e 4,275 2,448 303 790 330 4,583 4,589 11,792 505 3,699 100 25,570 7,845 Toliil Iiieoniliig rcsiiui'ces 25,570 7,845 ,XPEINDITURE Rmislng don&tlons iiiid Icgmcles Travelliiig- Boai'd Mccli1i8S Coiifcreiices iJic 1,309 3,376 13,668 5,31.fj 1,276 7,582 23,668 8,838 Support tosts MMI)Mgeiiiciil Telepl)one 506 176 2,165 1,620 I,OC)7 12 10 II",IC Websit¢ exi)eiises A¢coLiiilai)cy fees Siippoit sei'vices 1,770 17,021 10 Loi))PLiler ¢quii)Iiieiii 18,809 15,556 i inHll¢¢ Baiik cliarges 692 18 Toliil resoiiires expended 43,169 24,432 Net expendllure (17,599) (16,587) Tliis i)ag¢ does iiol toiin pai% of Ilie slalulory friiiancial slllieinenls Page12