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2022-03-31-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 2022

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 2022

Page
Report of the Trustees 1 to 3
Statement of Financial Activities 4
Balance Sheet 5 to 6
Notes to the Financial Statements 7 to 14
Detailed Statement of Financial Activities 15 to 16

BAGGATOR

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022

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 2022. 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

Baggator brings Citizen Empowerment to Easton, Bristol. Some Voices are louder because of Privilege, and other Voices need Amplification. We use Education, Skills and Fun to Amplify those Voices.

Significant activities

The effects of Covid-19 continued to mark the year. Previously, we identified the risk of a catastrophic event disrupting our activities and 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 continued to work closely with

" Bristol Muslim Cultural Society [BMCS]

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 and claiming credit. With little or no funding, volunteers started an additional kitchen at Newtown in June, supported by ourselves, The Salvation Army and the Trinity Tabernacle. Meanwhile, Peace of Art completed their third Mural on St Marks Road with RADE as part of Big Green Week.

Baggator's highlights during the year included

" Launching the Easton Data Garden in August to support STEM activities in the Community; " Working with RADE, Peace of Art and UWE to feature the views of young Muslim women attending the Andalusia Academy in April's Climate Change Cafe.

" Hosting Afghan Refugees via Project Omid over the December and January Holiday Period

" Supporting the establishment of Neighbourhood Forums in Easton & St Philip's Marsh.

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 always supplied what 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 Easton & Lawrence Hill community.

Page 1

BAGGATOR

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022

OBJECTIVES AND ACTIVITIES

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.

The rise of poverty and deprivation in parts of our Community increasingly intertwines food and Young Citizen work. It is 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 is 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 easier to acquire with clear links to the needs of the area.

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.

Page 2

BAGGATOR

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022

STRUCTURE, GOVERNANCE AND MANAGEMENT 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

111 C/O Raw Space 111 Gloucester Road Bristol BS7 8AT

Trustees

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

Company Secretary

B Yates

28/03/2023 Approved by order of the board of trustees on ............................................. and signed on its behalf by:

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

Page 3

BAGGATOR

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2022

31.3.22 31.3.21
Unrestricted Restricted Total Total
funds funds funds funds
Notes £ £ £ £
INCOME AND ENDOWMENTS FROM
Donations and legacies 2 34,256 - 34,256 43,651
Investment income 3 760 - 760 2,198
Total 35,016 - 35,016 45,849
EXPENDITURE ON
Raising funds 4 48,419 - 48,419 12,723
Other 5,753 - 5,753 28,772
Total 54,172 - 54,172 41,495
NET INCOME/(EXPENDITURE) (19,156) - (19,156) 4,354
RECONCILIATION OF FUNDS
Total funds brought forward (53,159) 9,001 (44,158) (48,512)
TOTAL FUNDS CARRIED FORWARD (72,315) 9,001 (63,314) (44,158)

The notes form part of these financial statements

Page 4

BAGGATOR

BALANCE SHEET

31 MARCH 2022

Unrestricted
Restricted
funds
funds
Notes
£
£
FIXED ASSETS
Tangible assets
9
2,387
-
CURRENT ASSETS
Debtors
10
241
70
Cash at bank and in hand
11,246
12,242
11,487
12,312
CREDITORS
Amounts falling due within one year
11
(37,639)
(3,311)
NET CURRENT ASSETS/(LIABILITIES)
(26,152)
9,001
TOTAL ASSETS LESS CURRENT
LIABILITIES
(23,765)
9,001
CREDITORS
Amounts falling due after more than one
year
12
(48,550)
-
NET ASSETS
(72,315)
9,001
FUNDS
14
Unrestricted funds
Restricted funds
TOTAL FUNDS		 31.3.22
Total
funds
£
2,387
311
23,488
23,799
(40,950)
(17,151)
(14,764)
(48,550)
(63,314)
(72,315)
9,001
(63,314)		 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)

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 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 5

continued...

BAGGATOR

BALANCE SHEET - continued 31 MARCH 2022

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: 28/03/2023

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

S L Phelps - Trustee

The notes form part of these financial statements

Page 6

BAGGATOR

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

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 7

continued...

BAGGATOR

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022

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.
RAISING FUNDS
Raising donations and legacies
Support costs
5.
NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
Depreciation - owned assets		 31.3.22
£
31,288
2,968
34,256
31.3.22
£
-
2,468
500
2,968
31.3.22
£
760
31.3.22
£
32,178
31.3.22
£
796		 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
£
-
31.3.21
£
1,061

Page 8

continued...

BAGGATOR

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022

6. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2022 nor for the year ended 31 March 2021.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 March 2022 nor for the year ended 31 March 2021.

7. STAFF COSTS

The average monthly number of employees during the year was as follows:

31.3.22 31.3.21
Administration 1 1

No employees received emoluments in excess of £60,000.

8. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted
Restricted
funds
funds
£
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
40,651
3,000
Investment income
2,198
-
Total
42,849
3,000
EXPENDITURE ON
Raising funds
12,723
-
Other
28,772
-
Total
41,495
-
NET INCOME
1,354
3,000
Transfers between funds
3,000
(3,000)
Net movement in funds
4,354
-
RECONCILIATION OF FUNDS
Total funds brought forward
(57,513)
9,001
TOTAL FUNDS CARRIED
FORWARD
(53,159)
9,001		 Total
funds
£
43,651
2,198
45,849
12,723
28,772
41,495
4,354
-
4,354
(48,512)
(44,158)

Page 9

continued...

BAGGATOR

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022

9. TANGIBLE FIXED ASSETS

Improvements
to
Plant and
property
machinery
£
£
COST
At 1 April 2021 and 31 March 2022
30,614
13,946
DEPRECIATION
At 1 April 2021
27,919
13,458
Charge for year
674
122
At 31 March 2022
28,593
13,580
NET BOOK VALUE
At 31 March 2022
2,021
366
At 31 March 2021
2,695
488
10.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.22
£
Trade debtors
181
Other debtors
130
311
11.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.22
£
Bank loans and overdrafts (see note 13)
18,088
Trade creditors
22,142
Accrued expenses
720
40,950		 Totals
£
44,560
41,377
796
42,173
2,387
3,183
31.3.21
£
(295)
130
(165)
31.3.21
£
15,924
10,417
720
27,061

Page 10

continued...

BAGGATOR

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022

12.
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.22
£
Other loans (see note 13)
48,550
13.
LOANS
An analysis of the maturity of loans is given below:
31.3.22
£
Amounts falling due within one year on demand:
Bank overdrafts
18,088
Amounts falling between one and two years:
Other loans - 1-2 years
48,550
14.
MOVEMENT IN FUNDS
Net
movement
At 1.4.21
in funds
£
£
Unrestricted funds
General fund
(59,016)
(19,131)
Fixed assets
3,183
-
RADE
159
(25)
Sword APAK
2,515
-
(53,159)
(19,156)
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
-
9,001
-
TOTAL FUNDS
(44,158)
(19,156)		 31.3.21
£
45,200
31.3.21
£
15,924
45,200
At
31.3.22
£
(78,147)
3,183
134
2,515
(72,315)
289
6,642
2,000
40
30
9,001
(63,314)

Page 11

continued...

BAGGATOR

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022

14. 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 35,016 (54,147) (19,131)
RADE - (25) (25)
35,016 (54,172) (19,156)
TOTAL FUNDS 35,016 (54,172) (19,156)

Comparatives for movement in funds

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 1.4.20
in funds
£
£
(62,804)
2,815
2,617
(1,061)
159
(400)
2,515
-
(57,513)
1,354
289
-
6,642
-
2,000
-
40
-
30
-
-
3,000
9,001
3,000
(48,512)
4,354		 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 12

continued...

BAGGATOR

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022

14. 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 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

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 1.4.20
in funds
£
£
(62,804)
(16,316)
2,617
(1,061)
159
(425)
2,515
-
(57,513)
(17,802)
289
-
6,642
-
2,000
-
40
-
30
-
-
3,000
9,001
3,000
(48,512)
(14,802)		 Transfers
between
funds
£
973
1,627
400
-
3,000
-
-
-
-
-
(3,000)
(3,000)
-		 At
31.3.22
£
(78,147)
3,183
134
2,515
(72,315)
289
6,642
2,000
40
30
-
9,001
(63,314)

Page 13

continued...

BAGGATOR

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022

14. 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 77,865 (94,181) (16,316)
Fixed assets - (1,061) (1,061)
RADE - (425) (425)
77,865 (95,667) (17,802)
Restricted funds
Dance & Keep Fit 3,000 - 3,000
TOTAL FUNDS 80,865 (95,667) (14,802)

15. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 March 2022.

16. 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.

17. GOING CONCERN

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

Page 14

BAGGATOR

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2022

FOR THE YEAR ENDED 31 MARCH 2022
31.3.22 31.3.21
£ £
INCOME AND ENDOWMENTS
Donations and legacies
Donations 31,288 39,651
Grants 2,968 4,000
34,256 43,651
Investment income
Rents received 760 2,198
Total incoming resources 35,016 45,849
EXPENDITURE
Other trading activities
Activity costs 16,241 12,723
Support costs
Management
Advertising 37 32
Finance
Bank charges 184 122
Information technology
Repairs and renewals - 110
Other
Rates and water 12,784 484
Insurance 1,936 1,838
Light and heat 2,823 2,860
Telephone 1,046 747
Postage and stationery 3,319 601
Sundries - 252
Repairs & renewals 5,042 2,225
Staff training 350 -
Rent - 12,000
Licences and permits 464 193
Donations 433 3,535
Subscriptions 300 50
Computer expenses 556 313
Carried forward 29,053 25,098

This page does not form part of the statutory financial statements

Page 15

BAGGATOR

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2022

31.3.22 31.3.21
£ £
Other
Brought forward 29,053 25,098
Cleaning 2,184 1,629
Improvements to property 674 898
Plant and machinery 122 163
32,033 27,788
Governance costs
Accountancy and legal fees 720 720
Professional fees 4,957 -
5,677 720
Total resources expended 54,172 41,495
Net (expenditure)/income (19,156) 4,354

This page does not form part of the statutory financial statements

Page 16