**REGISTERED COMPANY NUMBER: 06510559 REGISTERED CHARITY NUMBER: 1124569** ## **REPORT OF THE TRUSTEES AND** ## **FINANCIAL STATEMENTS** **FOR THE YEAR ENDED 31 MARCH 2021** ## **FOR** ## **THE BACA CHARITY** Duncan & Toplis Limited, Statutory Auditor 3 Princes Court, Royal Way Loughborough Leicestershire LE11 5XR THE BACA CHARITY CONTENTS OF THE FINANCIAL STATÉMEIITS FOR THÉ YEAR ENDED 31 MARCH 2021 Rern olthe Trusiees Report ofth• Independert A*lltors 35 to 38 Statemont ol Flnandal A¢tl¥ltl 39 Staleffientol Flnandal Posltlon Statement ol Cash Aows 41 N¢•tes to the St•iement of C•sh A Notes to the Flnand•l Ststefflents 43 to 58 investing hope, shaping futures THE BACA CHARITY ANNUAL REPORT 2020-21 TABLE OF CONTENTS REFERENCE AND ADMINISTRATIVE INFORMATION ABOUT BACA OBJECTIVES AND ACTIVITIES STRUCTURE, GOVERNANCE AND M4NAGEMENT STRATEGIC GOALS 14 ACHIEVEMENT AND PERFORMANCE 15 FINANCIAL REVIEW 26 PLINS FOR FUTURE PERIODS 29 STATEMENT OF TRUSTEES, RESPONSIBILITIES 33 THANK YOU TO OUR SUPPORTERS 34 REFERENCE AND ADMINISTRATIVE INFORMATION Trustees M. Vyner (Chalrl S. Cromle G. Boocock T. Butler Sarah Short Loulse Lloyd.Jarvls L. Connell (appolnted 1 October 2020) A. Brackett (appolnted 1 October 2020 Management Commlttee J. Zacharlah, Chlef Executlve A. Dando, Flnance Dlrector S. Smout, Buslne55 Development Dlrector M. Banlster, Servlce Dlrector Charlty Number 1124569 Company Number 06510559 Prlnclpal Address & Reglstered offlce CIO Duncan & Toplls 3 Prlnces Cwrt Royal Way LOUGHBOROUGH LE115XR Independent Audltor Nlall Kln8sley ACA D￿Can & Toplls 3 Prlnces (￿rt Royal Way LOUGHBOROUGH LE11 5XR Bankers The Co-operatlve Bank PO Box 250 Delf House Southway Skelmersadale WN8 6WT ABOUT BACA The Baca Charity (Bacal works with unaccompanled minors who have been forced to leave their home5 because of war, persecution, exploitation and trafficking. Every year we work side by side with highly vulnerable young people to enable them to rebuild their lives and have hope for a better future. We believe each young person arriving on our shores has a dignity worth celebrating, talents worth discovering and a life worth living to its fullest potential, no matter thelr past experiences nor present circumstances. The Trustees (who are also directors of The Baca Charity for the purposes of company law present their report and Baca's financial statements for the year ended 31 March 2021. The financial Statements comply with current statutory requirements, the memorandum and articles of association and the Statement of Recommended Practice Accounting and Reporting by Charitie5: SORP applicable to charities preparing their accounts in accordance with FRS 102. OBJECTIVES AND ACTIVITIES VISION A world where forced migrants are welcomed, safe, and have hope to rebuild their lives for a better future. MISSION It is our mission lo seThe young people seeking refuge in the UK without families, some of whom have been victims of human traff icking, by offering them safe homes, as well as therapeutic support in all areas of their lives. We believe each young person arriving on our shores has a dignity worth celebratlng, talents worth discovering and a life worth living to its fullest potential. no matter their past experlence5 nor present circumstances. We are commltted to providlng an Insplrlng envlronment that ralses hope and strengthens re511ience, enabllng each young person to rebuild his or her life. VALUES Our values underpin all we do and how we behave as an organisation and as individuals. During the year, we undertook a review lin line with our annual goals) to reflne the already strong values In the organisation to enable us to have even more clarity and conviction in putting our values into practice. The staff team, volunteer team and the Trustees seek to demonstrate these values and behaviours to those we work with, those we seek to Influence, and wlder society. Our values Our Behavlours Respect Compasslon Treating everyone with dlgnity in all circumstances. Servlng sacrlflclally, rooted in an unwavering zeal to seek the best for those we se￿e and not self. Grace Costly addltlonal opportunlty for everyone, to enable us to be our best by being perpetual leamers. Unexaggerated truth. expressed with humility, purity of motive and slncerity of iDtentlon. in both our words and deeds. Embracing risk for the sake of the mission, with courage to take bold risks and to innovate de5plte adverslty. Flndlng a way through a challenge by listening, learning, perceiving what is at stake, applying insight and considering diverse options. Integrity Passion Wisdom ACTIVITIES Our serykes Include: A 24171365 on call service for new arriva15 SO they can be met, welcomed and assessed without delay Specialised accommodation so they can feel safe and create a sense of belonging. Therapeutic Support to develop life skills to prepare them for independent livingi develop new skills, Improve res115ence, Increase wellbelng and personal safety. Therapeutlc Interventions through Art Therapy to enable young people to have tools to manage their emotional wellbeing. Social activities to enable the rebuilding of self-esteem and confidence which leads to better integration with the local community. Education to build skills and knowledge so they can gain independence, employment and make a contrlbutlon to soclety Ongoing support for YO￿)g people who have transltloned to adulthood to enable them to establish themselves 5UStainably and positlvely. Advocating on behalf of the young people to ensure they are able to have fair access to their rights. Working with central and local government to share best practice and contribute to the development of effective 5UPPOrt for all ywng forced migrants. PUBLIC BENEFIT STATEMENT Baca's objects, as set out In its Artlcles of Asscciation. are the advancement of education and the relief of poverty among forced migrants in the Unlted Klngdom and abroad, and the promotlon of radal harmony and mutual respect and dlversSty. Each year, the Trustees review the Charity's objectives and actlvltles to ensure they continue to reflect Baca's aims. In carrying out thls review, the Trustees have C￿P[led with thelr duty In sectlon 17 of the Charltles Act 2011 to have pald due regard to the Charity Crynmission's guidance on public benefit in decidlng vthlch actlvitie5 the charity should undertake. The Trustees conskler that Baca's activities provide beneflt both to the forced ml8rants who u* the Charity's services and to the wlder communlty. STRUCTURE, GOVERNANCE AND MANAGEMENT Baca Is a cornpany (Imlted by guaranteÈ not havlng share capltal. The govemlng d¢xuments are the Companls Memorandum and Articles of Association. The Company obtained registered charltable status on 18th June 2008. The Trustees, who are also the directors for the purpose of company law, and who seNed (knrlng the year were: M. Vyner G. Boocock T. 8uttler S. Cromle S. Short L. Lloyd.Jarvls L. Connell A. Brackett In addltlon to the Trustees, the members of the Management Cornmlttee (Leadershlp Team} durlng the perl¢)d were: J. Zacharlah A. Dando M. Banlster 5. Smout APPOINTMENT OF TRUSTEES Trustees are appolnted by the Board. A recrultment proce551s undertaken In Ilne wlth the Charlty's pollcy and pr¢xedure. In consklerln8 Potentlal Trustee5, acc¢Junt Is taken of both thelr general Interest In the goals and actlvltles of the Charlty as well as any speclflc skllls or relevant expertlse, through a skllls audlt, wlth whkh they wlll enhance the Board's ablllty to carry out Its responslbllltles. Vacancles are advertlsed through networks and recrultment sltes or through dlrect contacts by current Board of Trustees. Appllcants are shortllsted and Invlted ¢0 an Interview wlth the member$ of the HR Sub-commlttee and the CEO. Recommendatlons are then made to the full Board. Recommended candldates are Invlted to a Trustee Board rneetlng to estab115h their suitabillty and to galn a vAder understandlng of the 8oYernance functlon carrled out by the Board. The flnal declslon to appolnt Iles wlth the full Board and Is made after th1$ meetlng. If necessary• a second Invltatlon to observe the Board will be made to the relevant candldate. All board members must be In agreement. Where an afflrmatlve declslon Is made, the neCe￿arY le8al process of appolntment Is COMMe￿ed. Trustees are recrulted to serve on the Board of Trustees for a five.year perkKI, at the end of which tfv may be re-elected. TRUSTEES, INDUCTION AND TRAINING New Trustees. induction consists of a briefing of thelr legal obligations under charity law, the cornmittee and decision making processes, the budgets and rffent financial performance of the Charlty. Durlng thls process they meet key employees and other Trustees. Trustees are encouraged to attefKI aFvopriate external training events Whe￿ these wlll facllltate the undertaking of their rcle. In a(klition, they comFlete on.llne traln5ng In Safeguarding. Health & Safety and Ewaiity & Dfversfty. Addltlonallyi new T￿￿tee5 are invited and encouraged to attend a series of short induction sessiors to familiarlse themselves wlth the Charity and the context within which it operates. ORGANISATIONAL STRUCTURE The Charlty is organi5ed x) that TnJ5tee Board meetlngs are held quarterly. The Board is also divided into two sub groups - Flnance and Human ReS￿jrceS (HR) - whlch meets quarterly. Between s￿h meeting5 there are email exchanges as necessary. The Flnance wb grw takes the lead on all aspects of Baca's f7nancial re50urclng and rei>yt thelr recommendations to the Board. The HR sub group takes the lead on all aspects of the workforce, safeguarding, service dellvery overslght and makes recommwKlation5 to the full Board. The MemcYandum And Articles of Association state that there must be a mlnlmum of three Trustees aprx)Inted for the Trustees to be able to exercise the powers conferred upon them under the Canpany Law. T￿re are no restrlctlons on the T￿￿ee5. power in respect of the Charltys Investments. The Trustees may invest arKI apply all of Charlws mcffiles In all respects as if they were absolutely arKI beneficially entitled tlweto. A scheme of delegation is In place, deiegatlng respjnslblllty of runnlng the Charlty to the Chlef Executive along with t1￿ leadership team. The Chief Executive Is resp(￿5}ble for ensurlng that the Charlty dellvers the services stthfied and that key perforrnance indicators a￿ met. The Leadership Team is responsible for the day to day Operati(￿aL management of the Charlty, ensurlng that the team continue to develop their ski115 and working prKtlce5 are In Ilne wlth practice. REMUNERATION POLICY The aim of our remratlon whlch appiles to all employees. Is to offer saLiries that are falr and apwcylate for the rdes ttrw perform and the resixytslbllltks they undertake to deliver our d￿ritabLe aims. In setting remuneration for all staff. inclLkttir8 senior staff. a nufflber of crlteria are used Including con51derntlon of the nature and re5pMslbllltles of specifk roles, lwer than 2020 as a resuh of a slight decrease in support hours delivered and a ￿ightlY Iw occupancy rate durHvJ the year compared to p￿vIouS year. Income trom nonxt. We will be looklng at understandlng better the cultural nuances of certaln ethnklties. whKh will include incorporating more of the posltive aspects of their hcrtne culture in the life in the UK. It will also include starting to engage in conversatiorrs around bel￿1￿8, identlty and security and how thts affects thelr resi1￿Ce. We are fccusing on building a cohesive mental strategy that is ernbedded across all areas of our service. Lastly. we are fcKused on strengthenlnq thelr own resilierKe and also include better equlpplng our team with knowledge and skilts to reS[￿d to the* vulnerablllties. b. Strengthen the use of good qualfty houses over the long term We are in a strong positi(￿ going into next year, having seCU￿d investment frc#n SASC. The impact of COVID .19 on the tbyjsing rnarket is Significant and not yet fully quantlfled. However, we wlll be pushlng forward vAth (Kjr purchaslng strategy, 2 more hwses and 2 more flats, as best as we can in the coffling year, to ensure we secure t1￿ rl8ht houses to Improve our acc*Jnn)odatlon experlerKe for our young rwie. c. Developing our Education offer to meet the Indlvidual needs of the young people r education classes. ccAleqe SWKM)rt and reading support will C￿tInUe to develop. Before this year almost all our Y￿n8 rwLe went to WQE College, twt now many are also golng to 29 eTther Lwghbor(xth College or Leicester College. where we dcffi't have stroTr4 connections. For the year ahead we w)11 contirKE to IwSld on the work we have done to establish connections with key members of staff at Lekester CtAlege and Lought*xough College. Finally, the impact of wellbeing on the ability to learn. retain learnSng and apply learning Is well establlshed. Therefore, we also plan to grow the inter-connected work between the Education leam and Therapy work to enable young people to have the best chance to engage with their lessons and embed their learning. This will involve developing our resources, skil15 and new arvoaches in hcrw lessons are delivered. GOAL 2: ENHANCE Baca's servlce to moxlmlse Ihe polentlal of each yovng person a. Better support young people in the transition to adulthood in independent Ilvlng We have c￿nPleted the flrst year of wr Leaving Care project. We have galred invaluable insights from the Y￿n8 people who left us recently ab￿t the challenges they face. Thls learnlng has already started to shape tyjr entlre provlslon. The key areas of challenges fKed by young people have given us insights Into the preparatlon we need to enable the young people to focus on well before they become a care leaver. Speclflc resources. workshop sessl¢Jns and learnlng opr*xtunltles for tkM)se leaving care to help them better understand the processes invcAved in setting up benefits, a couKil flat. utilities, paylng bills and managing tenancles, wlll be developed. Alongs5de thls, we wlll be I[￿king at way5 to enable the young people to bulld strw4 SUPPOrt networks In thelr lrnlependent Ilfe, to reduce depende￿leS between a young person and an organlsatlon. We will a150 be taking further 5tep5 to enable young pe4le to access work ￿CeMents or tralneeships through partnerthlps wlth experts In the area who are able to adapt their offer to meet the needs of our Y￿J￿4 people. We wlll be actively seeking to form partnerships to fulfil this alm. Flnally, we witl be actfvely worklng towards reconnectir8 with the young Feopie who have left U5 in the past 5 year5 to under5tarKI arKI learn from their experlences. Where apwopriate, we W￿[d Ilke to Invlte them to share with the current ywng people and even become peer mentixs. b. Setup provlslon to meet UASC needs fin a new location Baca 15 committed to extending its impact to more UASCS in need. As the need faced by young people In the Cambridgeshlre area has been weil established in our initial research, we will be working hard In the coming year to establish a sultable provision in Cambridge City in partner5hlp wlth local or8anisations viith shared visi¢Jn and values. This will involve settlng up our f irst houses arrtl then building wr holistic senlices. 30 c. Internshlp programme for Resldentlal Volunteers We have completed first year of the intemship wograrnrne where we have been able to recrult 3 Intems across three areas of focus - Swrts, Educatlon and Young people activities. As it was our first attempt at delivering an intern prograrnrne and it has enabled us to gather a significant amount of leamlng. Uslng thls leaming, we will be establishing a programme that will look at creatlng a pathway for deveicynent for interns and for more active engagement with the various aspects of Baca's day to day operaticffjs. This will iKlude having members of team become mentors to the lfttems. GOAL 3: ENGAGE locally. reglonally and nallonally . Actlvely increase Young People's voice in the service and the community Thls past year has been significant for us in how we have *t the for seeklng ￿t young FwLe's voice in shaping our servke. Whllst this has been a very successful start, we beileve there is fflo￿ we can athieve together with the YOU￿ perpie In ensurfng thelr volces are heard. We would Ilke to ralse leaders from amongst the young wpie. An avenue we wlll be exploring to make this happen, is f(Thlng a Small group of young people wtrKJ would Ilke to represent the wider gr(w. We wwld like to Use the growl to be a F￿ce where discussions around leadership arKI u￿rStandIng cultural aspetts of Influencing and leadlng people could be explored. We also believe they tske the lead along with some of wr team to shape yearly attfvltles Ilke the celebrntlon, the resldential. alongslde glwn8 us feedback about service. We also want to create a safe space for the young people to e￿￿e what it weans for them to be part of the l(Kal ccffirnunity. t7Th￿. we want to draw in some of the young people who have left U5 to share their experiences and learning from moving out into the big wide world. b. Ensure better support Is avafilable for UASC young people regionally and nationalty The change In the external context has been signrficant In the past year. The pandemlc has had a slgnificant impact on the emotional and mental wellbeing of the young people. However. the resources availatAe for 5UPtNxiing twAe in thi5 area are negligible. Therefore, there Is a great need to develop soiutlors In partnerships. We will be seeking out key organisati￿$ and agencie5 in the local area. Furthermore, recent annw￿efftents In government polky woposals, hlghllght the Smportanee of the volce of the young peq)le belng represented amongst those who are shaping and implementing policies that affect their Ilves. Baca belleves that it 15 IK)t our mi55ion or expertlse to dlrectly engage In Fx)ilcy adV￿aCY work. However, it is Important fcf us to engage wlth key ￿ganIsatIonS in the sectw vtho are experts in the area. To thls end, we wlll be working with PJKC, EM5PMP, Modem Slavery Policy Unlt from CSJ and Children's Task and 31 Finish group from the Home Office. modem slavery unit and ottrtt key organi5ation to feed the experiences and perspectives of unaccompanled Yc￿n9 rwle. Baca are concerned that if local authorities see their funding cut for young asylum seekers, there is a risk that more young ￿Ople wlll be placed In unsuitable accommodation with very litlle or no specialist supporl. We See it as a challenge that we must face on behalf of young asylum seekers. We are focused on Imwoving this sltuat?on by adv¢Xating on behalf of these young people regionally with IKal authorities and sharing our learning wlth other providers wcrfklng wlth UASCS. ThTS work is in line with Baca's mission supwting all yourff4 forced migrants. Baca will be seeking to a(fvocaEe fLY best practice guidan￿ to be established nationally, by influencing stakeholders regionally and nationally. thr￿gh thjr partnerships with organisatlons like Centre of Social Justice, Justice and Care and finally the regional migration partnerships. c. Engage with the local community to inspire an environment that welcomes young forced migrants It is Baca's vision to see the world be a more welc￿1ng and safe place for young forced migrants. In our history. we were actively engaged with the cornrnunity in a variety of way5, namely our Passage prt)gramme in schoots, to build bridges and break down barrlers. In this past year, we have delivered scPwi a5sembLies, engaged in social rnedia campaiy)s and church lent projects to raise awarene55 in the cornrnunity. We are committed to buildlng on this work in the year ahead. We will also engage in drfferent ways to hear tpe concerrts our local community May have atwt young f￿Ced rnigrant5. We are working with a reputed medla consultant establlshed In the migratlon sector, imix, to develop our communication and media strategy to ensure we are clear, focused and targeted with our ffessaging with the communlty. 32 STATEMENT OF TRUSTEES, RESPONSIBILITIES The Trustees are responsible for preparing the Trustees, Annual Report and Accounts in accordance with applicable law and regulations. Under Charity law the Trustees must not approve the accounts unle55 they are satisfied that they give a true and fair view of the state of affairs of the Charity and the group and of their net outgoing resources for that period. In preparing these accounts. Ihe Trustee5 are required to: select 5Ultable accounting policies and then apply them consistently. make judgements and estimates that are reasonable and prudent state wheiher applicable accounting standards have been followed. subject to any material deparlures di5c105ed and explained in the accounts prepare the accounts on the going-concern basis unless it is inappropriate to presume that the Charity will continue to operate. The Trustees are re5pon5ible for keeping proper accounting records that are sufficient to show and explain the Charity's transactions and disclose with reasonable accuracy al any time the financial position of the Charity and enable them to ensure that the accounts comply with the Charities Act 2011. They are also responsible for safeguarding the assets of the Chaflty and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. In so lar as the Irustees are aware.. -there is no relevani audit inlormaiion of vihich the charitable company's auditors are unaware., ancl -the trustees have laken all steps that they oughl lo have iaken lo make themselves aware ol any relevant audit information and io eslablish that the auditors are aware of thai infom)alion. Approved and authorised for issue by order of the board of Irustees on........ signed on it5 behalf by and Mark Vyner Chair Dale: 33 THANK YOU TO OUR SUPPORTERS Thank you to everyone who has campaigned for us, made donations, volunteered their valuable time and skills, and supported us financially. With your generosity we've been able to keep more young forced migrants safe, find more stability and help maximise their inner potential. We remain committed to our vision to see a world where young forced migrants are welcomed, safe and have hope to rebuild their lives for a better future. We can only do this by coming together and making sure no young person is left behind. Their stories of courage and tenacity contlnue to Insplre us all. and drlve everything we do. Special thanks to our funders: Leicestershire Counly Council Rulland County Council Cambridgeshire County Council Leicester City Council The National Lollery Reaching Communily Fund Samworth Foundolion Lloyds Bank Foundation Henry Smith Chorily- The Henry Smith Charity CHK Foundolion BBC Children in Need Leicestershire Counly Council Shires Community Grant Big Lottery Fund Awards for All The Police and Crime Commissioner's Preventative Fund Newby Trvsl Happy Doys Childrens Charity Intelligent Energy Chariloble Trust Balcombe Trust - The Bolcombe Choritable Trust The Swire Charitable Trust AB Chorilable Trust Leslie Aldridge Trust Rondall Foundation The Leigh Trust 34 REPORT OF ThE INDEPENOENT AuorroRS TO THE MEMBERS OF THE BACA CHAAITY (REGISTERED NUMeER: 065105591 Opinlon We have audited the flnancial statement5 of The Baca Charity (the 'chafitable cornpanVI for the year ended 31 March 2021 which comprise the Statement of FSnancial Activitie5. the Statement of Flnanclal Position, the Statement of Cash Flows and notes to the financial statements. including a summary of signSficant accounting policies. The financial reportine framework that has bèen applied in their preparation is applkable law and Unlied Klngdom Accounting Standards Iunited KiThgdom Generally Accepted Accounting Practice). In our rjpinlon the financial ststements.. give a live and fair vlew of the state of the charitable company's affairs as at 31 March 2021 and of its incoming resources and application of resources. including its income and expenditure, for the year then ended,. have been properly prepared in accordance with ijnited Kingdom Generally Accepted Accountin8 Prartice,. and have been prepared in accoidance with the requifements ofthe Corroanie5 Act 20(6. 8asls foroplnlon We conducted our audit In accordan￿ with International Standards on Audltln8 IUKI IISAs IUKII and applicable law. Our responsibilitles under those standards afe further described in the AuditOfS' responsiblllties lor the audlt of the flnancial statement5 Section of our report. We are independent of the charitsble company ￿ accordance with the ethical requirernents that are relevant to our audit of the financial statements in the UK, Including ihe FRC'S Ethical Standard. and we haye fulfilled our other ethical responsibilities in accordance with these requirements. We believe thatthe audit evidence we have obtained IS SLSfficient and appropriate to provide a basis foreuropinion. Conduslons relJtlnE to golng concem In avditing the financial statements. we have concluded that the trustees. Lt5e of the 80in8 concern basi5 of accountlng in the preparation of the financial statements 15 appropriate. Based on the work we have performed, we have not Identlfied any mateflal un¢ertaintles reLitin8 to everits or condltlons that, individually or collectively, may cast significant doubt on the ¢haritable company's ability to cootinue as 3 8oin8 concern lor a pedod of al least twelve rnonths from when the financial si¥tements are authorfsed lor Issue. Our responslbiutles and the re5ponsibiltties of the trustees with respect to golng concern are destribed In the relevant 5ertions of this report. oiher Informailon The irustees are responslble for the other Infofmatlon. The other information comprlses the Tnformation induded In the Annual Report, other than the finan¢lal statefflenis and our Report of the Indepeadent Audltors thereon. Our opinion on the financial statements does not tover the other Inlormatlon and, except to the extent otherwise expllcltly stated in our report, we do not express any form of assuran￿ ¢tsntlusion thereon, In connection with our audit of the financial statements, our responsibility is to read the other information and. In doing SD. eonslder whether the other informatlDn Ss mateNally inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material Incon515tencie5 or apparenl material misstatements, we are required to determlne whether this gives rise to mHterial misstatement in the flnanclal 5tstement5 themselves. If. based on the work we h3ve performed, we conclude that there Is a material mlsstatement of thi5 Qther informatlon. we are required lo report that fxt. We have nothing to report in this regard. Opihitsns on other matters pyescrlbed bythe Companles Act ZIJ06 In our opinion, based on the work undertaken In the course of the audlt.. the informatlon given in the Report of the Trustees for the financlal year for whl¢h the financial statements are prepared 15 con5islent with ihe h"nancial siatements; and the Report of the Trustees has been p￿pared In accordance with applicable legal requlrement Pa8e 35 REPORT OF THE INDEPEMOENT AUDITORSTO THE MEMBERS OF THE BACA CHARifi IREGISTEREO PIUMBER: 065105591 tters on whlth vrt •rt requlred to report by ex¢epllon In rhe light of the knOw￿ge and Undersianth.￿ ol the charitable CL¥npany and Its emiironment obtained In the Coufse of the audiL we have not hlentilied material misstatements in the Report of the Trustees. We have nothin8 to report in respect of the followiTr8 mailers where the Companies Act 2￿6 reqvires US to report to you il, in ovr opinion.. adequate accountin8 recofds have not been kept or ￿lYIn5 adequate for our audit ha¥t not been received from branches not V151ted by us. or the financial siatements afe noi in a8ieement *rfth ihe accounti￿ records and returns- or certain di5c105ures ol trustees, remuneration specified by law are not rnade.- or we have not feceived all the tnformation •nd explanations we requiie for our audiL or the trustees were noi entitled to take advantage ol the small ¢M)panles exempiion from ihe fequlremerbt to Pfepare a strateg￿ Report or in prep•ring the Report of the Trustees. ResponslbMltl•s ol ttust•os As explained rnore fully in the Staternent of Trustees, Aespon51bilitios, the trustee5 (who are 3150 the directors of the charitable company for the purposes of compa¢iy lawl are responsible for ihe preparaiion of the financial siatements and lof being satisfied ihat thcy 8Ne a true and lair v￿. and lor such internal control as the trustees determine Is necessary to enab￿ the Pfepar31ion ot financlal statements ihat aro free Irom material rni55ratomont. whether due to fraud or error. In preparlng financlal statemenis, Ihe trusiees afe fesponsible lor assessifvd the charitable comparty's •bik'ty to Continue a5 a ooln8 concern. db5¢1os1￿ as applicable. maitors related io 8olng eorKern and usffi8 the 806￿ concern sis ol a<¢ounling unless the trustees eTriher Iniend to Ibiu￿•le the charltable company or to cease operath)ns. or have no reallsiic alternative bui to do so. Page 36 REPORT OF THE INDEPENOEP•T AUDITORSTO THE MEMBERS OF THE 8ACA CHARifi IREGISTÉREO NUMBER: 065105591 Our respwsdlllltbes for the audli olthe Ilnancial Maiements Ovr obie¢tives are to obtain reasonable assurar￿e about whether ihe linancial statemertts as a whole are free from materlal misstatemeni, whether due to liaud Of error. and to 155ue a Report of ihe Independenl Audiiors thaE 1nclude5 our opinion. Reasonable assurance is a h¥h level ol assurance. but 15 nol a guarantee that an audit conducted In accordance with ISAS IUKI will always detect a materièl mi5sts1errent when it exists. Missiatements can arise from Iraud or error are considered material if. individualty or in the aggregate. Ihey cO￿d reasonab￿ be expeaed to fluence the economic decisions ol users taken on the basis of these financial staiements. Irregularities. Inc1￿11n6 Iraud. are instances of non•compli•nce with laws and regulaiions. We design procedures line with our fesponsibilitie5. Outlined above. to deiecl material misstatements in iespect ol irregularities, includlng fraud. The extent to which Dur prosures In the linèncial statcments. We Ideniih'ed thc followlng areas as those most Ilkety to havo such an effect.. Ch'klren'5 act 1989. Modem Slavery Act 2015. Immigfatlon Act 2016, and the Charity is ISO 90JI..025 (The management ol wpported housinq services and learnln8 to unaccompanled asylum-seoklng childrtn coverin6 learnlng ol En81i5h Lan8ua8e. Mathematic5 and information Technology and the provision ol a$￿uM seeking 5upponl Kcredited. The company 15 subjeEt to r￿ulaT iniernal and external audits io onsure complianco with these areas. Audsting ?tandards limit the requlred audit Pf+xeduies io identify non￿mpli4nCe with th￿e laws and re8ulations to enquiry of the Trusiees and other key mana8ement and Inspect￿n. This inspeciion included a review of the external audits condutted within the year for any evthKe of non-compliance. readtsn8 minuiQS of meetings of those charBed wilh governance, in addition to an assessment of the charity's formal Nsk assessmeni. Through ihese procedures, if we became aware ol any non-crmnpknance, we considered the impact ihe pro¢edur¢s perfornied on the related rinancial siatemenr item5. Chving to the inherent limii•tions ol an audit, there 15 an Unavoidab￿ risk ihht we may not have detected some maierial missiaremen15 in the financial siaiemenis, even thou8h we have properly planned and performed our audit in accordance with audilin8 Standards. The lunher rEmoved nonrm of these financial 5tatement5 Page 42 THE BACA NOTES TO THE FINA140AL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 GENERAL INFORMAnON The Baca Charity is a Private Charitable Company knmiled by Guarantee. re8iStere(l in England and Wales. The charitys re8istered number is 1124569 aNI the Company wbstration number is 06510SS9. The re8lStefed 15 3 Pfinces Royal Way, Louthbor0￿. LEII SXA. The financial statements are presented in sterfir¥ which is ihe fU￿10n?1 currery of the charity and rounded to the nea￿t £. The significant accountty￿ policles ap￿*d in the preparation of ihe5e finaKlal ststement5 are set out below. These policies have been consistently applied to all years presented unkss otherwise stated. The financial statements c¢y4er the indpiidual eniiry. The entity constituies a publK be￿1 entity as defined by FRS 102. There are no material ur￿ertaInt*S with golrq concern. ACCOVNnK pouaES Basls of preparing the f•Mndal slaternents The financial statements of the thèntable company. whlch Is a public benefit entity under FRS 102. have been prepared in accordance with the (haritie$ 50RP IFRS 1021 'Attounting and Reporting by Charities.. Statement ol ftecommended PractKe appltable io charities preparing thelr accounts in accordance wlth the Financial Reporting Siandard ap ￿1(ats￿ in ihe UK and Republic of Irekind IFRS IOZI leffettive l January 20191.. Flnancial ReportirKg Standard 102 The Financlal Reportw Standar(l applicable in the UK and Republic of Ireland, and the Companies Act 2(*)6. The finarKial Statements ha¥e been prepared under the histor￿al cost ¢onventlon. Income All incorne is recognised in the siatement of Financial ALtivities once the charity has entitlement to the funds, It Is probable that the income wll be re¢eived ar¥J the amount can be meaSu￿d reliablv. The chartty receive5 grants in reS[￿tt of the charitable a¢tNitses it ¢arrles out a5 detailed In the trustees. reF)0rt. Income from 8rants are reccfnised at fair value when the charity has entitlement after any perfDmance conditions have been ￿*t. r< is probable that the income will be receNed arml the amount can be measured reliably. If entitlernent is not met then these amounts are deferred. For donation5 to be feco8nised the tharity will have been notif￿d of the amount5 and the settlemeni date In writlng. If there are condit￿n5 aitached to the donation and this requires a level of Performan￿ before entitlement cart be obt&"ned then ￿KOme 15 deferred until those conditions are ful￿ met iy the fulfilrnent of those conditths is within the Control of the charity and it 15 probable that they wi11 be fulfiled. Incorne from tradin8 activities irtludes income earned from the provLsion of accommodatK)n and support wort and ESOL te3chin8 as detailed in the trustees, lTr¢ome is receNed in exchange for supplying services in order to raise funds and ts recogni5ed when entitknent has otturred. EMpen(I￿re Liabilities are recognised as expenditu￿ as as there Is è legal ￿ construthe Obl￿tIon ¢cthmittinB the charity to that expendlture. ￿ 15 probable that a transfer of economic benefrts will be required in settlement and the amount of the obfigatvjn can be measured reliably. Expenditure is attounied for on an accruals basls and has been classifieil under heading5 that aeyegate all CO￿ relaied w the category. Where costs tannot be directly attributed to wtKular he>Ji￿5 they have been allocated io activltles orb a basis CODSiStent with the use of resources. Pa6e 43 continued... THE 8ACA CHARITY NOTES TO THE FINANCIAi STATEMEMf5. ¢ontlnued FOR THE YEAR ENOED 31 MARCH 2021 ACCOUNTING POLiaES. contlnued Allocation and appDrtlonment of costs Costs of raislng funds ale those costs Incurred in attracting voluntary Income. Chafltable activities include expenditure directly associated with individual projects and sUPPOrt costs relarin to those activities. support cosis are rhose incutted in connection with the management of the Chariiy and its assets, or6an45Otion adfflinistration and compliance with constitutional and siatutory fequiremenis. Support cost5 inElude central lunctlon5 and hove been allocated to actlvity cost ¢ategorles on a basls consistent with thelf use ol re5oyrce. Rentals paid under operating leases are chafied against Income on a straight line basls ovor the lerm of the leèse. IntanWblÈ Ilm￿ assets Intangible lixed assets are inlflally measured at COSI. After Inllial recognit￿n. intanelble asset5 are measured at cost less any accumulated amortlsailon and any accumulated impaimieni losses. The bespoke computer software is beln8 arnortlsed cvonly over its esiimated uselul life of ihree years. T•nilble fl*ed •ss•ts Tanglble flxed asseis are slated ai cost less depretlation. Depreciatlon Is provided at rates calculated to wrlte oll the cost loss estlmated resldual v4lue ol each a55et ovef Its expected useful life. as follows.. Computer equlpment Fixiures, IlttlnAs & equipment 33.33% straighi Ilne 25% straight line The trustoes have chosen not to depreclate the houses acqulred for the purpose ol dellverlng 5UPPOrted accommodation. on the basls thai they intend to maintaln Ihern to a standard whereb¥ ihey retaln iheii resSdual valuo. Fieehold Propertv Tamatlon Tho ¢hari¢Y is oxempi frorn corporation tax on it5 charitable activ11￿5. Fund •¢¢ounil Unrcstrlcied funds can be used in accordonco wilh tho charitable objecliYe5 at the discretion of the trusiees. Restricted lund5 can only be used for par¢icular rostrlcted purposes wlthin the objects of the charltv. Restriction5 arise when specified by the donor or when funds aro raised for partl¢ulor restrlcied purposes. Desi8nated funds are sel up at tho discretion of the Trustees. Furthor explanation ol the naturt and purpose ol each fund is Included in the notes to the linanclal statoments. Penslon costs and other p05t.r•tlr•m•nt benefits The charitable company operatQ5 a defined conlribution pensiDn seheme. Contributions payable to the charltable company's penslon scheme are charged io the Slatoment of Flnanclal Activities in the period to which they relate. Page 44 continued... 7HE BACA CHAAITY NOTES TO ThE FINANCIALSTATEME P¥t5- ubntlrn￿d FOR THE YEAR ENDEO 31 MARCH 2021 ACCOUNTING POLICIES- ¢ontknued Loans and bwroww Bank loans and borfowings are initialty recognised at the transattton includin8 transaction costs. subseq￿￿1￿. they are measured at arn¢rtised cosi USI￿ ihe effective interest rate rneihod. less Impairment. If an arrangement constitutes a finaAce iransaction it is measured ot p￿￿nI ¥3￿*. The SASC fundbn8 a8reerneni has been ireaied as dEscribed in Noie 20 to the ac¢ounts. V￿e Added Tax The charity is not required to reelster for VAT. All income and expenses indude VAT wthere applicable. Dèbtors credltors re¢elvth I pardble wlthln ont yèar Oebtors and creditors with no stated interest rate and receivable 01 payable within one year are recorded at transaction prsce. Any losses arising from impairment are recognised in exppwKliture. SlgnifKant ac¢ountln8 ￿dlementS •nd estlrnatitin uncenaknty In the application of rhe charitable company's accouhting policie5. maftaeement is roquired to make judgemenis, estirnate5 and aswmptions aboul the Car￿n8 value of assets and liabdities that a￿ nol readi appa￿n¢ Irorn other source5. The estimates and underlyir* aswmptK)ns are based on hislor*al experience othei lauors that are consxlered to be relevant. Adual results may differ from these est¥maies. The estimates and undertyiThg aSSumpt￿n5 are revbewed on an ongoing bays. Revisions to attovnting estimates are recognrsed in the pe￿ in T*thKh the e5timale s rewsed if the revision alfects only that period, or in the peiiod of the revrsion and future periods rf the I￿1510n affeLI5 IKIth current and futu￿ periods. The anrnual depreciation charye is sensitive 10 thanees in the estimated uselul economic lives and residual values of the a55ets. The useful economic lives and residual ¥ahJes are re-assessed annually. They are amended when necessary to ref*t current esiiniaie5. based on technological èdvanceff¢n¢. luture Investrnents. economical ulilisation and the ph￿1¢31 condition of the asseis. The valuaiion ol the SASC fund￿￿ liability ha5 been accounted for as descrlbed in Note 20 w the aCC￿JnIs. DONATIONS AIID LEGACIES 2021 2020 Oonations GEft aid 32.867 915 54.787 1.291 33.782 56.078 Page 4S continued... THE BACA CHARITY NOTES TO THE FINANCIAL STATEMENTS- continued FOA THE YEAR ENOED 31 MARCH 2021 OTMER TRADING ACTIVITIES 2021 2020 Accommodation and Support Work ESOLteaching SASC Housin8 Income 731,236 15,459 787.532 11,034 8.700 746.695 807.266 INVESTMENT INCOME 2021 2020 Oeposit accounl interesi 2.700 2,520 INCOME FROM CHARITA8LE ACTivmES 2021 2020 Activity Granr5 & trust income Grants 344,779 270.128 Included within grants above are the following amounts, which are governrnent 8rants as defined by ihe SORP: - £20,33612020- £19,802) from 88C Children in Need. .£1.99712020.' £9.1321 from Leicestersh1￿ County Council Shire Cornmunity Grants. -É6.57512020.. £5.1451 from The Police and Crime Commissionw's Early Interyention Youth Fund towards cole C051S. .£1.66712020.. £3,288) Ifom The Police and Crime Commissioner's Early Intervention Youth Fund towards the Care Leavers Project. -£5.18912020.. £NILI Irom Leicestershire Couniy Council- Communities Fund- Emergency Computer Funding. The purposes of all tndividual eranis ovef £IOk are disclosed In Note 22 to the account5. and details of thè project$ and activities funded are disclosed in the trustees, report. Pige 46 continued... TIIE 8ACA CHARITY NOTES TO THE HNAfrICIALSTATEMElnS- contlnwl FOR THE YEAR ENDÉD 31 MARCH 20ZI RAISING FLINOS Ratslni donatlons and le8acl•s 2021 2020 Staff costs Adminisiiation costs 25.329 62.260 18,385 61.206 87,S89 79,S91 C￿lARITABLE ACTMnES COSTS Support costs (see n￿e 91 Oirtci Cosls Tota15 Accommodatw & sJpport work 808152 39,317 848,169 SUPPORT COSTS GovernJn¢e costs Other Totals Accomm¢daiion & 5UPPOrt Work 31.730 7.587 39,317 Support costs. included ITr ihe above. are as lolbws.. Othor 2021 Accomrnod•iion & support work 2020 Total tNities Tiustees. expenses Wales 5oclal securiiv Pènsions IT Ccsts Ltgal and Prolessional fees Consultancy HR consuliancv D8S checks RecNilmertt 608 20,865 2.998 1,463 1.782 313 14.378 2.708 1,296 1,050 9,420 IX114 3,￿0 496 2,211 31.730 35.472 Page 47 Continued... THE BACA CHARITY NOTES TO THE FINAhlCIAL STATEMENTS- continued FOR THE YEAR ENOED 31 MARCfrI 2021 SUPPORT COSTS- contlnued Governan￿ costs 2021 AccOmmodat￿n & support 2020 Total tivities Awlit and A¢(ountancy fees 7,587 7,360 io. NET INCOMEIIEXPENOITUREI Net Incomellexpendllurel 15 Stated afterchar¥in8llcreditin81.. 2021 2020 Depreciation- owned assets Surplu5 on disposal of fixed assets Computer software amortisation Auditors. remuneration Operalin8 lease rentals 12,300 12,299 12401 8,413 7,360 142,878 8.416 7.587 139,429 A￿aItors, fee5 of £7.S87 12020. £7,360) which are included within governance costs include costs for the preparatlon of the account5, and other advite and asslstsnce provided throughout the year. IL TRUSTEES. REMUNERATION AND BENEFrrs There were no irustees. ￿mUneratIOn ¢r other benefits for the year ended 31 March 2021 nor for the year ended 31 March 2020. Tmstees. e4)ensos The feimbursement of trustees, expenses was as follows: 2021 Nurnber 2020 Number 2021 2020 Travel & Subslsien¢e 313 313 Page 48 continued... THE BACA CHARITY NOTES TO THE FINANCIAL 5TATEMENTS- contthued FOR THE YÉAR ENOED 31 MARCH 2021 STAFF COSTS 2021 2020 Wages and salarles Social security Costs Other pension costs 498,542 29.981 14,634 447.276 27,770 12,959 543,157 488.005 The total employmeni benefits ol the kEY managemEnt personnel of the charity were £129.030 12020- E107.0601. The avefa8e monthly number of employees durlng the year wa5 as follows.. 2021 2020 Mana8¢menl and Admln Charltoble A(tlvltle5 Oirectors 21 19 36 32 No employees received emoluments in excess ¢1 £60,000. 13. INTEREST PAYABLE AND SIMILAR EXPENSES 2021 2020 Bank loan Interest payable 6,996 8,807 6.996 8.807 14. COMPARATIVES FOR THE STATEMENT OF FINANCIAL AcfiviTIES Unrestricted lunds Des58naied funds Restrlcted funds Total funds INCOME AND ENDOWMENTS FROM Oonations and le8acles 56,078 56.078 Charlt•ble actl¥ltles Grants & trvst income Accommodaiitin and support work Invosiment income Other income 56,S42 807,266 2,520 240 213,S86 270,128 807,266 2,520 240 Total 922,646 213,586 1.136.232 EXPENDITURE ON Raisin8 funds 39,250 40.341 79.591 Page 49 continued... ThE BACA CHARITY NOTES YO THE ANANaAL STATEMENTS- coDtIn￿l FOR THE YEAR EP4D£D 31 MARCH 2021 14. COMPARATNES FOR THE STATEMENT OF FINANCIAL AcnvtfiES- corrtlN•d Un￿Str￿ted Designated fuNIs fvnds Restrlrted fvnds Total funds Charltabk •ctl¥llles Accommodation & 5UPWt work 636.957 170.705 807.662 Other 10.638 18.882 29,520 Total 686.845 229.928 916.773 IIET114COMEIIWENDITURE) 235,801 116.3421 219.459 Tranilers ljetween fvnds 150.(ml N•t mov•m•nt In tunds 185.801 116.3421 219.4S9 RECOm￿lAIKIN OF FUNDS Totsl funds bro4hi IokW• 594.263 52,992 647,255 TOTAL FUNDS CARftIED FORWARD 780.064 36.6SO 866,714 15. INTANGI8LE FIXED ASSErs Computer 50ftwHre COST At l Aprll 2020 Addlllons 37.740 s.ooo At 31 March 2021 42.740 AMORTISATIOM At l Aprll 2020 Char8e for year 26,508 8,416 At 31 March 2021 NEf BOOK VALUE At 31 March 2021 7.816 At 31 March 2020 11,232 PaBe 50 contlnued... THE BACA CHARITY NOTES TO THE FINANaAL STATEMEP4TS-tOb)tlnued FOR THE YEAR eNDE0 31 MARCH 2021 TANGIBLE FIXEO ASSETS Firtures and fittings FreelMJhJ property Crynputer equipmeni Totals COST At l April 2020 Additions 386.8lS 566.331 49.200 3.031 439.046 566.331 Al 31 Mar¢h 2021 953.146 49,209 3.031 IJJOS,377 DEPRECIATION Al l April 2020 Char8e for year 21.387 12,300 3.031 25.418 12.300 Al 31 Mar¢h 2021 34.687 3.03L 37.718 N￿BoOK VALUE At 31 March 2021 953.146 14.513 967.659 At 31 March 2020 386.815 26.813 413.628 17. DEBTORS: AMOUNTS FALLING DUE i*ifTriiN IJNE YEAR 2021 2020 Trade debtors Other debtors Prepayments and accrued income 71.568 89.362 23.323 89.774 13,677 29.352 184.253 132.803 i& CREDITORS: AMOUPnS FAWNG OUE WITHIN ONE YEAR 2021 2020 Bank loans and ovwdralts Isee nvte 201 Trade credi¢ors social security and other taxes Othèr crÈditors Accruals and deferred income 10.442 22A64 7.7SI 4.028 161.793 10,808 10.389 6,512 4,011 149,181 206￿?8 180,gJI Page51 continued... ThE BACA CHARITY NOTES TO THE FINANCIALSTATEMEP4TS- contlnued FOR THÉ YEAR ENDED 31 MARCH 2021 CREDITOAS: AMOUNTS FALUNG DUE wrrHIN OPIE YEAR- cantlnwl Oeferrnd IrKoma 2021 2020 Defeffed income is ind￿le￿ within". Creditors due wlthin one year 129,566 121,667 129.566 121.667 Movemerbt in the year was as tc4kn: Grants recdved: Totsl deferred incorn? at l April 2020 Amounts received in the year Amounis crediied to statement of financial activb 121.667 358.675 1350.7761 100.327 291.468 1270.1281 Grants. deferred incorn at 31 Marth 2021 129.566 121,667 Fundin8 for ESOL Teachire.. Totsl delerred income at l April 2020 Amounts received in the yezr Amounis uEdited to statement of financial activil 15.4S9 IS.4S91 11,034 11,0341 Fuftdl￿. delerred Income at31 Matth 2021 Income has been deferred in rela¢iffi to grani IrKomewhen performance con¢fitlons have not been met. CREDITORS: AMOUNTS FALUNG DUE AFfER MORE THAN ONE YEAR 2021 2020 Bank loan515ee note 201 other k)ans (see note 201 221.133 750.(J)O 230,671 971.133 230,671 LOANS An analysi5 of the matutityof loans is bek￿. 2021 2020 Amounts falli￿ due oneyearon demand.. Bank loans 10.442 Amounts la111￿ due between two and five years: Bank loans. 2-5 years 44,856 46.565 Amounts lalh.rvd due in rnore than fNe year5: Repayable by instalments-. 8ank loans ny)re S yf by Inst 176,277 184,1( Page 52 contlnued... THE 8ACA CHARITY NOTE5 TO THE FINANOAL STATEMENTS- rnntiNed FOR THE YEAR ENDED 31 MARCH 2021 20. LOANS. tontinued 2021 2020 Repayable otherwise than by instalrnents.. Other loans more Svrs non-inst 750.CWJO In Marth 2020 the Bata Charity entered inio an agreement with Social and Sustainable Capital LLP ISASCI. Thls is a secured loan lacility. secured over the assets ol the chaiity. V4hereby SASC has sei aslde up to £1.75m for Baca to purd￿se elsgible properties wh.ch they can use to further their chariiable objecti¥es. The rnonies are reiained by SASC and Bata were pemiitled io drawdown on this amovnt over 18 months Irom the date of the aereemeni in Mwch 2020. as and when required in order to purchase eligible properties. awever. in li8hl of the Covid 19 pandemic and a550ciated disruption. the diawLlown period has sirKe been extended 10 21 monihs. eaca will pay back the equivalent of 85% of the rnarket value ol all propertie5 purchased via this facility on 20th Mar¢h 2030. The trustees have designated the Baca Housin8 Fund and thtend to set aside excess reserves over the next 10 years into this fuTrJ in order to repoy this. At the balance sheet date, a total of £750.IXI) had been drawn th)wnon thts agreement. 21. SECURED DE8TS The followin8 secured debts are included within creditor5= 2021 2020 Bank loans Other loans 231.575 750.00) 241.479 981.575 241,479 The bank klan is Secured with a fixed charge over the properry it was used to purthase. The other k>an is the SASC funding agreement as described in NO￿ 20 10 the accounts. Page 53 C￿tinued... ThE BACA CHARITY NOTES TO THE FINANCIAL STATEMENTS- con￿n￿ed FOR THEYEAR ENDED 31 MARCH 2021 MOVEMENT IN FUNDS Net movement In funds Tiansfers between funds At 31.3.21 At 1.4.20 Unre5tr1ded funds General fund Bat8 Housing Fund Underfunded Strate8ic Projects 780.063 50,000 175,250 1250,0001 200,Crf)O 50.000 705,313 250,000 50.000 830,063 175,250 I,(L)5,313 Re5trlrted lund5 BBC Chlldren in Need The National Lottery Communlty Fund The Clothworkers, Fovndatlon 818 Lottery Fund- Awards lor All- Posi 18 Other Re$tri¢ted Funds The Randal Charltable Foundatlon CHK Fou#dation- Cambrldeèghlr• 1261 8.155 14,181 ioi 14.240 26 3.288 16,4341 358 17.9271 13 isi 11,443 7.747 459 6.313 13 151 10 6911 25,960 TOTAL FUNDS 866.714 164.559 1031,273 Ne¢ movement In funds, Induded In the above are as folltsw5'. Incomln8 resour Re50Urtes expended Movemeni In funds Unr￿tr1d*d funds General fund The Henry Smith Charity CHK Foundatlon Simw¢rth Foundatlon 783,247 27,500 33.334 50,000 1607,9971 127,SOOI 133,3341 17S,2SO 904,081 1728.8311 175,2SO Restrl¢ted lunds BBC Children in Need Uoyds 8Jnk Foundation Enable Thè National Lottery Community Fund The Clothworkers. Foundatlon Big Lottery Fund- Awards for All- Posi 18 Other ftestricted Funds The Randal Chari¢able Foundaiion CHK Foundatlon- Cambrldgeshlre The Swlre Charlrable Trusi- Volunteer Prole¢t 20,336 17,743 118,861 120,3101 117.7431 1115,5731 16.4341 17,4311 140.3101 110,9871 114,5981 26 3,288 16,4341 3S8 {7,927 13 iisi 7.789 32.383 11.000 14.583 1,250 11.2501 223,945 1234.6361 110,691 TOTAL FUNOS 1,128.026 1963,4671 164.559 PaBe 54 continued... THÉ 8ACA CHAR NOTES TO THE FIP4ANCIAL STATEMENTS- Contin￿1 FOR THE YEAR ENO£0 31 MARCH 2021 Z2. MOVEMENT IN FUNDS-comlnued Comparntives for m*wemÈnt In fvnds Net ￿￿VeMent in funds Translefs between funds At 31.3.20 At 1.4.19 Unrestrkted fur General 8a¢a Housing Fu￿1 594.263 235.8 150.CthI 50,OC 780.063 50,000 S94,263 23S.8 830,063 RestA¢ted funds Samworth FcwndatKsn Lwce5tershire CiyJnty Council Shire Community Grani 68C Children in Need The National Loiiery Community Fund The Cloihworkers, Foundat*)n The Pok"£e and Crime Commissionerfs Early Intervention Youth Fun&Gve leavers her Aestricted Funds 2.986 12.1671 819 3.267 13.1471 1.954 110.6841 3.267 1261 8.155 14.181 3.121 6.201 24.865 188 15.819 15.7521 10.067 52.992 116.3411 36.651 TOTAL FUNDS 647.255 219.459 866,714 Page 55 ¢￿tInued... THE BACA CHAAIIY NOTES TO THE FINANCIAL STATEMENTS- contlnued FOR THE YEAR ENDED 31 MARCH 2021 MOVEMENT IN FUNOS- contlnued Comparative net movemeni In funds, Incltyjed in the above are as lollow5.' Incomin8 resources Resources expended Movement in funds Unrestrlrted funds General fund The Henry Smlth Charlty CHK Foundation Samworth Foundatlon 866,104 19,875 16.667 1630.3041 119,8751 116,6671 20.0001 235,800 922,646 1686.8461 235,800 Restflcted lunds Charnwood 8orouih Council, Communlt¥ Development and Engagement Grant Samworrh Foundation leicestef5hife Couniy Council Shl Community Granr BBC Children in Need Lloyd$ 8ank FovndatK+n Enable The Pglice and Crimè Commissionèr's Early Inttrveniion Youth Fund-core costs The National Lgttery Community Fund The Clothworkers. Foundation The Police and cr￿rne Commissionerfs Early Inte¢ventlon Youth Fund(afe Leavers Other Resirlcted Funds 3,750 8,750 13.7501 110,9171 12.1671 9,132 19,802 23,604 15,8651 122.9491 123,6041 3.267 13,1471 5.14S 107.357 IS.14SI 1105,4031 110,6841 1,954 110.6841 3,288 13,1001 188 213,586 1229.9271 116,3411 TOTAL FLINDS 1,136,232 916,7731 219,459 Th• Henry Smlth Charliv Havlng prevlously funded 8aca's work for three year5. we are deli8hted io have received a new three.￿al grant Irom The Henry Smlih Charity, whlch will help cover sorne ol our running costs. CHK Foundailon Having previously funded 8acè's art therapy project. we were very grateful fof the CHK Foundaiions Continued support. This Brant was unrestricted, and cotsld be used at the d15creiitin ol the Trusiees to ur*dertake work io luriher the Chariiable Objects ol Baca. Samworth F?yndatlon aving previoysty received a ihree-year grant from The Samworth Foundation, we successfully applied for a new grant Iocu5èd around the issue of addressing sexual exploilation. Bac Chldr•n In Ne•d FollowinB the cgrnpletion of ovr three-year grant. we reeeived a one-year brid8ing 8rant Irom Children In Need. This erant enabled Baca to conilnue our volunteer and mentoring prtsjÈtt. Activitles where volvnteer support 15 Used include the daily ESOL sessiuns, Sports woikshops, helping wilh college hDrnewofk. and life skills workshops. Page $6 continued... THE BACA CHARITY NOTE5TO THF FINANCIAL STATEMENTS- conilnued FOR ThEYEAR ENDED 31 MARCH 2021 21 MOVEMENT IN FUNDS. contlnued Uoyds Bank Foundatlon Enable Grant Having previovsly received a two-year 8rant from the Iloyds Bank Fot2ndation. we have now tompleted the final year of our two'year continuation 8rant. The continuaTion grant provided core lundin8, which enabled Baca to (oniinue ihe developrnent of our ongoing Work and or8anisational 8fowih. This included the exp4n>oTh of the Charity to meet Bfowin8 dernand. The National Lottery Communlty Fund We are now in the final year of our three*ear National Lottery Community Fund erant. which Contrlbuies towards the cost ol delivering our Rebuild Project. The project enables Baca to provide the sUPPOrt and tralnlng the youn8 people need to help them to live independenily once they leave rhe charity. The Clothwowker5' Foundatlon We received a one off capital grant in 2020 from The Clothworkers. Foundati￿. which contiibuted iowards the cost ol relvrbishlnB our new hiÉh support house. 811 Lottery Fund- Awards lor All. Post IB Fvnding Irorn the Natitinal Lottery Award5 for All conlributed iowatds the ¢051 of delivering our new Leaving Care project. Whilst many ol our young people leave our care wiihout needing much additional support. this new projert provides assistance to those who do need help. The grant has been extended due to Covid-19 restdctions delaying the Irainin8 element ol the project. The Randal Chaiitsble Foundat*>n This grant contributes toward5 the cost of delivering our in-house ESOL lesson's in partnership wilh Regent College. The grani also enabled Ouf ieachers to provide additional support to the wJung people who a￿ now atlending local colle8es. Thè Swire Charbtable Trust- Volunteer Proiert This grant contributes towards the cost of delivering our volunteer and mentoring project. Activlties where volunteer support is used include the daity ESOI sessions, sports workshops. helping with college homework, and life 5ki115 workshops. Baca Hou51ng Fund The Baca Housing fund 15 monies Set aside by the trustees in order to repay the SASC agreement described in N¢te 20. MER FINANCIAL COMMITME NTS The charitable company has the following commiimenis due as lollows.. 2021 2020 In one year 2-S years 92,152 40.436 101,070 21.166 132.588 122,236 Page S7 ¢ontinued... THE BACA CHARiri NOTES TO THE FINANCIAL STATEMENTS. continued FOR THE YEAR ENDED 31 MARCH 2021 Z4. REL4TEO PARTY DISCLOSURES Ouring the year rent of £16,659 12020.. £16,376> was paid to A Dando, a member ol the mana8ement commlttee for the use ol ihe Cufrent office. £8,802 12020.. £8,701) 15 included in p￿paYMents and £8,125 12020.. £8,032) is included in trade creditors. During the year an amount of £NIL12020.. E2CQI was phid to the husband ol S Smoul. a member of the management committee foi work carried out on fundraisin8 artworl lor the charity. 2S. SUBSEQUENT EVENrs In April 2021, Ihe ¢harity completed the pvrchase of a lurther property, a flat. for approximately £87k using lunds drawn down ffom the SASC aBreerneni dotailed in Noie 20. 26. OTHER FINANCIAL INSTRUMENT> SASC FUNDING The carrying amount ol the charlly's financial instruments afe as follows.. 2021 2020 Flnancl•l114biiiiles at fèk v•lue throuih Income •nd eKpndltur• Orher loans dve >S years- Non- in5talmenlS 750,000 There wero no net galns or lossos or chan8es In Iblr value throu8h tho 5tat*ment ol Iln?nci31 actlvltles. 27. LIMITED BY GUAIIANTEE The chJrltable company Is a privaie Ilmlted company limlied by 8uatantee and consequontly does not have share czpital. Each member Is liable to cvnirlbute an omouni noi oxceeilln8 £1 iowards the J5Wts ol the cofflpany in the event OF liquidation. Page 58