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2021-03-31-accounts

REGISTERED COMPANY NUMBER: 04022634 (England and Wales) REGISTERED CHARITY NUMBER: 1087684

REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

FOR

BAGGATOR

Lawes & Co Boyce's Building 40-42 Regent Street Clifton Bristol BS8 4HU

BAGGATOR

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

Page
Report of the Trustees 1 to 4
Statement of Financial Activities 5
Balance Sheet 6 to 7
Notes to the Financial Statements 8 to 15
Detailed Statement of Financial Activities 16 to 17

BAGGATOR

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021

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 March 2021. 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

Objectives and aims

The charity's purposes, as set out in the Articles of Association are to advance education through creative programmes of informal education, skills training and leisure activities built in partnership with, and designed to improve the life and practical skills of young people disadvantaged by their social or financial circumstances and who may experience difficulty sustaining mainstream education provision.

Page 1

BAGGATOR

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021

OBJECTIVES AND ACTIVITIES

Significant activities

Covid-19 marked the year. Previously we had identified the risk of a catastrophic event disrupting our activities and had developed the Baggator Nexus as a response. The Nexus is a loose collection of groups and agencies working together to provide short and long term solutions.

Deploying the Baggator Nexus to respond to Covid-19 meant we worked closely with

The initial response was to produce frozen meals for people and families affected by Covid-19. Using the kitchens of the Pickle Factory, Support Supper Club, and the National Food Service feed 1,000's in the spring and early summer, cooking, freezing and distributing food seven days a week. Often 0ver 150 meals were cooked in an evening The Yard was also used to distribute veg boxes packed in All Hallows Hall next door throughout the year.

Behind the scenes, the Ideas Pool enabled the Trustees to develop rapid responses to problems and future needs. The Ideas Pool is a creative commons approach where ideas are shared and germinated in a free-form fashion that retains ownership with the group or team that initiated it. This approach minimises the risk of larger organisations taking over new initiatives, claiming the credit. With little or no funding, volunteers started an additional kitchen at Barton Hill [ the Sunday Kitchen] guided by Supper Supper Club.

Medium-Long term uses of the Pickle Factory Yard & Garden from July with the gradual lifting of restrictions included

-Cycling Sisters - a highly successful women-only cycling group within BMCS, starting in July and continuing into 2022-23 and beyond -Bagga-bites - free food for Young Citizens stop-gap from July, while we could not run the usual Bagga-youth Club.

-Gardening Group - which offered much-needed respite for a small group of isolated people and families from tower blocks

The Trustees initiated long-Term projects from the Ideas Pool, including

Page 2

BAGGATOR

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021

OBJECTIVES AND ACTIVITIES

Unfortunately, the Baggtor Nexus's highly creative and innovative cross-fertilisation between its constitutive elements did not generate the income needed to replace the losses from closing the Pickle Factory and Lock-down uncertainties.

Specific thanks should be given to the local businesses that supported the food initiatives, especially Bristol Sweet Mart and Pak Butchers, who were heavily affected by the loss of trade, but who never failed to supply more than they were asked for. Without them and the untiring work of volunteers, the impact of hunger and desperation that followed in the wake of Covid-19 would have been so much worse for the community of Easton & Lawrence Hill.

Public benefit

The charity delivers public benefit by delivering educational and leisure activities which are accessible and affordable for all young people. The Trustees have had regard to the Charity Commission's guidance on public benefit and endeavour to implement them in all the charity's work.

During the year, our activities as described below have delivered public benefit by providing activities for young people which are not only educational but also provide young people with enjoyment without recourse to alcohol, drugs and anti-social activities.

FINANCIAL REVIEW

Financial position

Despite extensive hard work by the Trustees, and volunteers, Baggator ended the year with a deficit and would have closed had it not been for a local pensioner who loaned us £40,000 by cashing in part of their pension to stop the closure. Debt free the slow and painful process of rebuilding the organisation began.

Reserves policy

The Trustees have had to waive their normal reserves policy as there are no reserves. It is the Trustees intention to build up the reserves in future years so that they can return to the intended reserves policy target of £15,000, and or enough funds to cover three month's activities and running costs, whichever is the larger.

FUTURE PLANS

Building on the foundations laid this year, the Trustees will work closely with the Baggator Nexus to enhance the educational opportunities for Young Citizens in STEM and related areas with UWE and the STEM Ambassadors.

Food and Young Citizen work are increasingly intertwined by the rise of poverty and deprivation in parts of our community. It is now necessary to include hot food as part of our Youth Work.

Beyond the Pickle Factory, Art [through Peace of Art] and the Digital Environment intertwine with Climate Change and Air Pollution. Baggator has a role to play as a critical component of developing a better and more sustainable future for Easton & Lawrence Hill that does not exclude the voiceless, as too often happens at present.

Funding and resources are scarce following Covid-19 and likely to be harder to acquire without clear links to the needs of the area.

Page 3

BAGGATOR

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

Recruitment and appointment of new trustees

Trustees are recruited by networking and periodic advertisements, with the intention that the committee reflect the diversity of the local community. To ensure that users' interests are adequately represented, the Articles of Association require that at least two trustees are young people aged 18-25. New trustees are elected by the existing trustees at General Meetings. One third of existing trustees must resign at the Annual General Meeting, but may present themselves for re-election if they wish.

Organisational structure

The organisation is a charitable company limited by guarantee, incorporated on 27 June 2000 and registered as a charity on 25 July 2001. The company was established under a Memorandum of Association which established the objects and powers of the charitable company and is governed under its Articles of Association. In the event of the company being wound up, members are required to contribute an amount not exceeding £1.

The Trustees, who are also Directors of the Company for the purposes of company law, are responsible for overseeing the running of the charity. They also act as the key management personnel, planning and directing the activities of the charity.

REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number

04022634 (England and Wales)

Registered Charity number

1087684

Registered office

The Pickle Factory 13 All Hallows Road Bristol BS5 0HH

Trustees

B Yates Self Employed Promoter S L Phelps Director S J Holmes Head Teacher

Company Secretary

B Yates

29/03/2022 Approved by order of the board of trustees on ............................................. and signed on its behalf by:

.......................................................... S L Phelps - Trustee

Page 4

BAGGATOR

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2021

31.3.21 31.3.20
Unrestricted Restricted Total Total
funds funds funds funds
Notes £ £ £ £
INCOME AND ENDOWMENTS FROM
Donations and legacies 2 40,651 3,000 43,651 6,823
Investment income 3 2,198 - 2,198 5,837
Total 42,849 3,000 45,849 12,660
EXPENDITURE ON
Raising funds 12,723 - 12,723 1,290
Other 28,772 - 28,772 28,836
Total 41,495 - 41,495 30,126
NET INCOME/(EXPENDITURE) 1,354 3,000 4,354 (17,466)
Transfers between funds 12 3,000 (3,000) - -
Net movement in funds 4,354 - 4,354 (17,466)
RECONCILIATION OF FUNDS
Total funds brought forward (57,513) 9,001 (48,512) (31,046)
TOTAL FUNDS CARRIED FORWARD (53,159) 9,001 (44,158) (48,512)

The notes form part of these financial statements

Page 5

BAGGATOR

BALANCE SHEET

31 MARCH 2021

Unrestricted
Restricted
funds
funds
Notes
£
£
FIXED ASSETS
Tangible assets
7
3,183
-
CURRENT ASSETS
Debtors
8
(235)
70
Cash at bank and in hand
12,843
12,242
12,608
12,312
CREDITORS
Amounts falling due within one year
9
(23,750)
(3,311)
NET CURRENT ASSETS/(LIABILITIES)
(11,142)
9,001
TOTAL ASSETS LESS CURRENT
LIABILITIES
(7,959)
9,001
CREDITORS
Amounts falling due after more than one
year
10
(45,200)
-
NET ASSETS/(LIABILITIES)
(53,159)
9,001
FUNDS
12
Unrestricted funds
Restricted funds
TOTAL FUNDS		 31.3.21
Total
funds
£
3,183
(165)
25,085
24,920
(27,061)
(2,141)
1,042
(45,200)
(44,158)
(53,159)
9,001
(44,158)		 31.3.20
Total
funds
£
2,617
515
20,922
21,437
(27,866)
(6,429)
(3,812)
(44,700)
(48,512)
(57,513)
9,001
(48,512)

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2021 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

The notes form part of these financial statements

Page 6

continued...

BAGGATOR

BALANCE SHEET - continued 31 MARCH 2021

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 ............................................. and were signed on its behalf by: 29/03/2022

.............................................

S L Phelps - Trustee

The notes form part of these financial statements

Page 7

BAGGATOR

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to property - 25% on reducing balance Plant and machinery - 25% on reducing balance

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.

Page 8

continued...

BAGGATOR

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021

2.
DONATIONS AND LEGACIES
Donations
Grants
Grants received, included in the above, are as follows:
Dance & keep fit
General
Other grants
3.
INVESTMENT INCOME
Rents received
4.
NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
Depreciation - owned assets		 31.3.21
£
39,651
4,000
43,651
31.3.21
£
3,000
1,000
-
4,000
31.3.21
£
2,198
31.3.21
£
1,061		 31.3.20
£
4,823
2,000
6,823
31.3.20
£
-
-
2,000
2,000
31.3.20
£
5,837
31.3.20
£
872

5. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2021 nor for the year ended 31 March 2020.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 March 2021 nor for the year ended 31 March 2020.

Page 9

continued...

BAGGATOR

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021

6.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
Restricted
funds
funds
£
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
4,793
2,030
Investment income
5,797
40
Total
10,590
2,070
EXPENDITURE ON
Raising funds
1,290
-
Other
28,836
-
Total
30,126
-
NET INCOME/(EXPENDITURE)
(19,536)
2,070
RECONCILIATION OF FUNDS
Total funds brought forward
(37,977)
6,931
TOTAL FUNDS CARRIED
FORWARD
(57,513)
9,001		 Total
funds
£
6,823
5,837
12,660
1,290
28,836
30,126
(17,466)
(31,046)
(48,512)

Page 10

continued...

BAGGATOR

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021

7. TANGIBLE FIXED ASSETS

Improvements
to
Plant and
property
machinery
£
£
COST
At 1 April 2020
29,462
13,471
Additions
1,152
475
At 31 March 2021
30,614
13,946
DEPRECIATION
At 1 April 2020
27,020
13,296
Charge for year
899
162
At 31 March 2021
27,919
13,458
NET BOOK VALUE
At 31 March 2021
2,695
488
At 31 March 2020
2,442
175
8.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.21
£
Trade debtors
(295)
Other debtors
130
(165)
9.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.21
£
Bank loans and overdrafts (see note 11)
15,924
Trade creditors
10,417
Accrued expenses
720
27,061		 Totals
£
42,933
1,627
44,560
40,316
1,061
41,377
3,183
2,617
31.3.20
£
442
73
515
31.3.20
£
18,675
8,231
960
27,866

Page 11

continued...

BAGGATOR

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021

10.
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
Other loans (see note 11)
11.
LOANS
An analysis of the maturity of loans is given below:
Amounts falling due within one year on demand:
Bank overdrafts
Amounts falling between one and two years:
Other loans - 1-2 years
12.
MOVEMENT IN FUNDS
Net
movement
At 1.4.20
in funds
£
£
Unrestricted funds
General fund
(62,804)
2,815
Fixed assets
2,617
(1,061)
RADE
159
(400)
Sword APAK
2,515
-
(57,513)
1,354
Restricted funds
Big Lottery
289
-
Big Lottery - Awards for All - Earn a
bike project
6,642
-
Super Supper Club Bristol
2,000
-
Easton Voice
40
-
Plan-El
30
-
Dance & Keep Fit
-
3,000
9,001
3,000
TOTAL FUNDS
(48,512)
4,354		 YEAR
31.3.21
£
45,200
31.3.21
£
15,924
45,200
Transfers
between
funds
£
973
1,627
400
-
3,000
-
-
-
-
-
(3,000)
(3,000)
-		 31.3.20
£
44,700
31.3.20
£
18,675
44,700
At
31.3.21
£
(59,016)
3,183
159
2,515
(53,159)
289
6,642
2,000
40
30
-
9,001
(44,158)

Page 12

continued...

BAGGATOR

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021

12. MOVEMENT IN FUNDS - continued

Net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£ £ £
Unrestricted funds
General fund 42,849 (40,034) 2,815
Fixed assets - (1,061) (1,061)
RADE - (400) (400)
42,849 (41,495) 1,354
Restricted funds
Dance & Keep Fit 3,000 - 3,000
TOTAL FUNDS 45,849 (41,495) 4,354
Comparatives for movement in funds
Net
movement At
At 1.4.19 in funds 31.3.20
£ £ £
Unrestricted funds
General fund (44,598) (18,206) (62,804)
Fixed assets 3,489 (872) 2,617
RADE 159 - 159
Sword APAK 2,973 (458) 2,515
(37,977) (19,536) (57,513)
Restricted funds
Big Lottery 289 - 289
Big Lottery - Awards for All - Earn a
bike project 6,642 - 6,642
Super Supper Club Bristol - 2,000 2,000
Easton Voice - 40 40
Plan-El - 30 30
6,931 2,070 9,001
TOTAL FUNDS (31,046) (17,466) (48,512)

Page 13

continued...

BAGGATOR

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021

12. MOVEMENT IN FUNDS - continued

Comparative net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£ £ £
Unrestricted funds
General fund 10,580 (28,786) (18,206)
Fixed assets - (872) (872)
RADE 10 (10) -
Sword APAK - (458) (458)
10,590 (30,126) (19,536)
Restricted funds
Super Supper Club Bristol 2,000 - 2,000
Easton Voice 40 - 40
Plan-El 30 - 30
2,070 - 2,070
TOTAL FUNDS 12,660 (30,126) (17,466)

A current year 12 months and prior year 12 months combined position is as follows:

Unrestricted funds
General fund
Fixed assets
RADE
Sword APAK
Restricted funds
Big Lottery
Big Lottery - Awards for All - Earn a
bike project
Super Supper Club Bristol
Easton Voice
Plan-El
Dance & Keep Fit
TOTAL FUNDS		 Net
movement
At 1.4.19
in funds
£
£
(44,598)
(15,391)
3,489
(1,933)
159
(400)
2,973
(458)
(37,977)
(18,182)
289
-
6,642
-
-
2,000
-
40
-
30
-
3,000
6,931
5,070
(31,046)
(13,112)		 Transfers
between
funds
£
973
1,627
400
-
3,000
-
-
-
-
-
(3,000)
(3,000)
-		 At
31.3.21
£
(59,016)
3,183
159
2,515
(53,159)
289
6,642
2,000
40
30
-
9,001
(44,158)

Page 14

continued...

BAGGATOR

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021

12. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£ £ £
Unrestricted funds
General fund 53,429 (68,820) (15,391)
Fixed assets - (1,933) (1,933)
RADE 10 (410) (400)
Sword APAK - (458) (458)
53,439 (71,621) (18,182)
Restricted funds
Super Supper Club Bristol 2,000 - 2,000
Easton Voice 40 - 40
Plan-El 30 - 30
Dance & Keep Fit 3,000 - 3,000
5,070 - 5,070
TOTAL FUNDS 58,509 (71,621) (13,112)

13. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 March 2021.

14. RESTRICTED FUNDS

During the year the charity has had to rely on restricted funding to meet its general expenditure requirements. The trustees plan to rectify this position by undertaking additional fundraising in the future.

15. GOING CONCERN

The financial statements have been prepared on a going concern basis due to the continued support of the trustees.

Page 15

BAGGATOR

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2021

FOR THE YEAR ENDED 31 MARCH 2021
31.3.21 31.3.20
£ £
INCOME AND ENDOWMENTS
Donations and legacies
Donations 39,651 4,823
Grants 4,000 2,000
43,651 6,823
Investment income
Rents received 2,198 5,837
Total incoming resources 45,849 12,660
EXPENDITURE
Other trading activities
Activity costs 12,723 683
Bad debts - 607
12,723 1,290
Support costs
Management
Wages - 528
Advertising 32 -
32 528
Finance
Bank charges 122 150
Information technology
Repairs and renewals 110 -
Other
Rates and water 484 3,498
Insurance 1,838 1,395
Light and heat 2,860 3,700
Telephone 747 1,182
Postage and stationery 601 80
Sundries 252 134
Repairs & renewals 2,225 1,637
Carried forward 9,007 11,626

This page does not form part of the statutory financial statements

Page 16

BAGGATOR

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2021

31.3.21 31.3.20
£ £
Other
Brought forward 9,007 11,626
Rent 12,000 12,000
Licences and permits 193 666
Donations 3,535 -
Subscriptions 50 92
Computer expenses 313 115
Cleaning 1,629 1,153
Improvements to property 898 814
Plant and machinery 163 58
27,788 26,524
Governance costs
Accountancy and legal fees 720 1,270
Bookkeeping - 364
720 1,634
Total resources expended 41,495 30,126
Net income/(expenditure) 4,354 (17,466)

This page does not form part of the statutory financial statements

Page 17