2024-03-31-accounts - Bringing Unity Back Into The Community

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REGISTERED COMPANY NUMBER: 05466965 (England and Wales) REGISTERED CHARITY NUMBER: 1126353

REPORT OF THE TRUSTEES AND INDEPENDENTLY EXAMINED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31st MARCH 2024

FOR

BRINGING UNITY BACK INTO THE COMMUNITY (BUBIC) (A COMPANY LIMITED BY GUARANTEE)

BRINGING UNITY BACK INTO THE COMMUNITY (BUBIC) (A COMPANY LIMITED BY GUARANTEE)

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31st MARCH 2024

	PAGE
Report of the Trustees	3 - 9
Statement of Trustees Responsibilities	10
Independent Examiner’s Report	11
Statement of Financial Activities	12
Balance Sheet	13
Statement of Cash Flow	14
Notes to the Financial Statements	15 - 20

BRINGING UNITY BACK INTO THE COMMUNITY (BUBIC) (A COMPANY LIMITED BY GUARANTEE) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024

The Trustees, who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31st March 2024.

BRINGING UNITY BACK INTO THE COMMUNITY (BUBIC) was incorporated on 31[st] May 2005 (number 05466965) and registered as a charity on 20[th] October 2008 (number 1126353). Its objects, powers and other constitutional matters are set out in its Constitution as outlined in our Memorandum and Articles of association dated 13[th] April 2005 and later Resolution to the articles of association dated 13[th] June 2008. These financial statements comply with current Statement of Recommended Practice applicable to charities preparing their accounts in accordance with Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015) – Charities SORP (FRS 102), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

OBJECTIVES AND ACTIVITIES

Objectives and aims

Bringing Unity Back into the Community (BUBIC) creates opportunities for individuals to make changes in their lives. We are committed to creating inclusion and cohesion within our community and wider society. Our work enables individuals to recognise the causes and effects of habitual behaviours and make positive choices to improve their general health and wellbeing. The BUBIC way is to spend time on the streets engaging with individuals that mainstream services often do not engage with and make every contact count.

Public benefit

The Trustees confirm that when reviewing the Charity's activities and devising future programmes, they have referred to the Charity Commission's general guidance on public benefit and complied with their duties under Section 17 of the Charities Act 2011.

All our charitable activities are planned to ensure we deliver public benefit and we continue to place great emphasis on our charitable objects. In particular, the Trustees consider that BUBIC makes a significant contribution to the:

Provision of support for people who problematically use(d) drugs and support for their family and friends
Provision of peer support and group sessions, one-to-one support, information and advice on drug treatment
Provision of information and advice on health and wellbeing
Advancing education for the benefit of the public by providing work placements, accredited courses and employment opportunities

The activities undertaken in 2023/24 which contribute to our charitable aims are outlined in more detail in the report on our charitable activities during this period, which follows.

ACHIEVEMENT AND PERFORMANCE

During the period April 2023 to March 2024, we have provided the following services, events and activities including:

Our Public health project which receives £175,532 of funding . This Haringey-based project provides:

Outreach: BUBIC collates intelligence from local authority partnership meetings and teams, community services and community members including local shopkeepers. Our team is responsive, focusing on targeting

BRINGING UNITY BACK INTO THE COMMUNITY (BUBIC) (A COMPANY LIMITED BY GUARANTEE) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 (continued)

hotspots, and setting up stalls to support raising awareness on drugs, engagement, and to support dispersal of activity such as drug taking, dealing and those who commit crime such as shoplifting. Our outreach work also includes facilitating wellbeing and welfare checks. BUBIC also provides a Hope outreach service. This involves re-engaging people who are high risk and/or have disengaged from treatment services.

We deliver day and night outreach:

Day time: the BUBIC team deliver drug awareness and harm reduction stalls in hotspots across Haringey. This includes collaborating with partner services during ‘action weeks’. The team offer advice, information, harm reduction resources such as naloxone and signposting to other service providers. We also engage with community members who are interested in the work we do or have friends/family who are using drugs or alcohol problematically. The team also attend known ‘crack houses’ seeking to support people to access support. This includes buddying people to services should they wish to engage. The team also use this as an opportunity to raise awareness about volunteering opportunities within our organisation.
Night time: the outreach team travel around the community, attend hostels and visit all the hotspots with reports of drug activity and anti-social behaviour. The Night outreach team goes out to encourage more isolated people to get support and attend the Night drop-in service.

Groups: BUBIC delivers peer support groups for people at each stage of their journey. These include:

CLARE group: CLARE is a motivational group geared towards the relationship the individual has with themselves, family members, or friends. It enables them to recognise and gain acceptance of their different emotions and intimacy. This is a topic-based group pertaining to establishing and strengthening relationships through peer support to aid recovery. BUBIC staff complete weekly research on topics to present in the session to provide a bespoke service that meets people’s needs. For those people who truly want to commit to attend CLARE, BUBIC provides them with a mobile phone and data so they can access sessions on Zoom if they are unable to attend in person.
Live and Direct group: This is a group session which is based on the ‘here and now’ and focuses on community development. This group enables individuals to access a path to recovery, galvanising them to a reflective mindset through the eyes of their peers. Live and Direct is an open group as well as topic based – it is straight to the point, uncensored and offers a timely truth for individuals who need to express what is going on presently in their lives. The group is conducted not from a clinical perspective but emotional intelligence perspective. This space also affords attendees the opportunity to engage with peers while receiving feedback as well as being in a safe and confidential environment.
Movement from Within group: This is a 12-week closed group. Individuals need to be referred to this group by their key worker or the BUBIC team. This group is aimed at individuals seeking to discover who they are and how they see themselves in society. Attendees coming from a problem drug and alcohol use background are required to be at least three months abstinent from substances and feel ready to tackle complex life and lifestyle issues. The programme consists of 12 modules spread over 12 weeks and the focus is on identifying issues that may hold the individual back from living a fulfilled life. Two of the tools that are used in this programme are an egg and a mirror. These two components can help an individual identify themselves and empower themselves. Interventions used include developing emotional intelligence, ‘Johari Window’, and different styles of communication. Following completion of this programme, people can move on to our accredited Gateway training programme which enables individuals with the opportunity to gain employment at BUBIC, in one of our partner agencies in the local drug and alcohol treatment system or beyond.

Social activities: becoming more engaged with their peers and the local community. Activities include sports and games, exercise, communal meals and bike rides. The bikes were kindly donated to BUBIC by members of the local community. Outdoor physical activity and team games can reduce the risk of illness, boost mood, and improve symptoms of mental health conditions such as depression and anxiety. During all social activities staff, peer

BRINGING UNITY BACK INTO THE COMMUNITY (BUBIC) A COMPANY LIMITED BY GUARANTEE) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 (continued)

mentors and peer supporter volunteers are on hand to provide support, encouragement and a nonjudgemental listening ear.

Our Night service project which receives £110,780 of funding

This is a building-based drop-in service in Haringey. As part of this service staff and volunteers provide peer support groups and a variety of social activities. We offer the opportunity for people to socialise and speak with peer supporters that can signpost them and refer them to relevant services with a focus on facilitating access to treatment and housing. It is a safe space for people to stay away from the streets and get support with their problem drug and alcohol use. The project offers cooking classes, refreshments and hot meals, an opportunity to shower and wash their clothes, harm reduction advice, naloxone, guest speakers and table top games. Most importantly it offers individuals a chance to talk to peers and be supported in a safe, nonjudgemental and non-stigmatising environment.

Our Rough sleepers project which receives £83,584 of funding

This project provides additional support and care to those rough sleeping and those who are housed in emergency, temporary or supported accommodation in Haringey. Our Peer Supporters and Peer Mentors work as part of the Rough Sleeper Project alongside other commissioned services in Haringey. The aim is to engage with individuals with problem drug and alcohol use issues that live in temporary homeless accommodation. Our Peer Supporters and Peer Mentors offer recovery support, harm minimisation and encourage residents to get into treatment. Our role is to be a link between more isolated/disengaged people and the treatment services. One of the key targets of the project is to make the access to treatment services less onerous.

Our Humankind project which provides £90,000 of funding as part of their local authority commissioned funding

This project provides Peer Supporters and Peer Mentors to Haringey Recovery Service who provide individuals in recovery the opportunity to be supported and learn from positive peer role models. As part of this programme BUBIC provides access to the accredited Gateway training programme.

Accredited Gateway training programme

This is an accredited programme that provides learners with training and development activities that lead to them becoming a peer supporter. Once they have achieved the certification, they can gain paid employment from BUBIC during which time they can put their new skills into practice. After completing the Peer Support programme and having worked with BUBIC or volunteered within the recovery sector, they are able to progress onto the peer mentor programme. Many people who have come through the Gateway Programme have gained employment with BUBIC and with other drug and alcohol services and many have gone on to undertake further education and training opportunities.

Events :

Recovery Pride : BUBIC collaborated with local partners to support and celebrate recovery in Haringey as part of the 12[th] annual Haringey Recovery Pride event. BUBIC continues to play a significant role in planning, delivering and providing entertainment for this event.
Black History Month : BUBIC celebrated this annual event in our night service with a buffet of African and Caribbean food and music.
Christmas : the BUBIC team prepared Christmas dinner for 23 members of the BUBIC community at our night service. Gifts and food hampers were delivered to people accessing support across specialist drug and alcohol treatment and recovery services across Haringey on Christmas morning. This heartwarming effort aimed to bring joy and support to those facing increased isolation during the festive season. This annual festive activity is funded by the local council.
BBQ : BUBIC held a BBQ in a supported housing setting to raise awareness about, and encourage engagement in, BUBIC.

BRINGING UNITY BACK INTO THE COMMUNITY (BUBIC) A COMPANY LIMITED BY GUARANTEE) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 (continued)

We were grateful to receive donations of food and sundries from local business including Sainsburys, Juicy Roots, Peppers and Spice, Sally’s and Greggs. These donations helped us support the community by contributing to catering our night service, outreach and events.

PERFORMANCE

BUBIC and the BUBIC community achieved the following in carrying out these activities to meet our charitable purposes:

over 335 calls to our 24-hour helpline were answered
made over 3,921 engagements during day outreach
made over 3,760 engagements during night outreach
had 6,832 attendances at our peer support groups
engaged with over 1,325 people in the community who were rough sleeping with referrals to housing support, advice and information, harm reduction including naloxone and support to access treatment and recovery services
provided over 418 wellbeing checks
forty volunteers have given their time to support the organisation and the BUBIC community
worked to re-engage over 1,000 people into treatment and recovery support
eleven learners completed the Gateway accredited training programme becoming a Peer Support
two graduates of the Gateway programme moved into employment as Peer Mentors

FINANCIAL REVIEW

Total income for the period ending to 31 March 2024 amounted to £590,249 (2023: £394,711) which was grants and donations for which we are very grateful. Total expenditure was £603,347 (2023: £417,474) most of which all were the direct costs of charitable activities and fundraising. BUBIC therefore generated a deficit of £13,098 (2023: deficit of £22,763) in the financial year in question. We will be focusing on increasing revenue income in 2024-25 in line with our strategic plans to become more sustainable and ensuring that we can meet the greatly increased demand for our services. We are very grateful for the support and the grants received from the London Borough of Haringey and the Humankind charity.

Reserves policy

At the end of the financial period under review the unrestricted reserves (general fund) stood at £178,267 (2023: £191,365). The Trustees consider this level of accumulated reserves as a good continuation towards the aim that is to hold reserves which are equivalent between three and six months of operating costs. Thus, in 2024-2025 it is the intention of the Trustees to run BUBIC on the basis of realising a surplus or at least achieving a break-even position.

Investments

Investment powers are governed by the Memorandum and Articles of Association. There are no restrictions on Charity’s absolute powers of investment to the extent that any retained funds that arise are dealt with by depositing surpluses with authorised banks.

Pensions

BUBIC does not have any material pension liabilities.

Going Concern

The Trustees have reviewed the financial position of the Charity as at 31 March 2024, together with the budget, income & expenditure account and cash flow statements for the period from 1 April 2024 to 31 March 2025. The Trustees consider that the budget is reasonable and that BUBIC has, and will have,

BRINGING UNITY BACK INTO THE COMMUNITY (BUBIC) (A COMPANY LIMITED BY GUARANTEE) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 (continued)

sufficient reserves and cash resources in order to continue as a going concern during that period. For this reason, they continue to adopt the going concern basis in preparing the financial statements.

PRINCIPLE RISKS AND UNCERTAINTIES

The Trustees will actively manage risks to finances, health and safety, reputation and maintenance of operations. The Trustees regularly carry out a strategic overview of risk and ensure that risk is considered in the development of operational policies and procedures and in conduct of specific activities. Formal risk statements will be written to cover particular events as required.

STRUCTURE, GOVERNANCE AND MANAGEMENT

We have been fortunate to be led by our Chief Executive, Lanre Babalola and continue to be supported by full time and part time staff, volunteers and the community. Due to long-term sickness in the senior management team, the Board assumed direct control of day-to-day operations and all financial management between September 2023 and January 2024.

There was significant change in the Board in September 2023. The then Chair of Trustees and another Trustee stepped down from the Board in September 2023. Our accountant gave notice of their resignation in December 2023. Existing Board members took on the role of Chair, Treasurer and Secretary. The Board and senior management team implemented the following governance and quality improvement activity in 2023/24:

Two staff surveys were completed in December 2023. This identified areas requiring improvement including staff wellbeing, communication, and training and development. These will be addressed in 2024/25.
The Board of Trustees appointed a new accountant in February 2024 as the previous accountant had resigned. A part-time Finance Director was also brought in in February 2024 to support ongoing financial governance and controls. This was accompanied by the implementation of enhanced financial controls, changes to the bank signatories and regular meetings between staff and Board members to refine financial processes. As a result of these changes, our 2022/23 accounts were prepared and signed off by the newly appointed accountants and the independent examiners, and subsequently approved by the Board in March 2024. This meant that our accounts were submitted to Companies House late and were resubmitted to the Charity Commission, replacing a previously filed version.
New Team Leader and Volunteer Coordinator roles were introduced.
A review of policies and procedures was undertaken and revisions were made to key policies with further policy changes planned for 2024/25.

GOVERNING DOCUMENT

The organisation is a charitable company limited by guarantee, incorporated on 31[st] May 2005 and registered as a charity on 20[th] October 2008. The Company was established under a Memorandum of Association which established the object and powers of the charitable company and is governed under its Articles of Association. In the event of the company being wound up, the members are required to contribute an amount not exceeding £1.

RECRUITMENT AND APPOINTMENT OF NEW TRUSTEES

Under the requirements of the company’s Memorandum and Articles of Association the Trustees are elected at the Annual General Meeting.

BRINGING UNITY BACK INTO THE COMMUNITY (BUBIC) A COMPANY LIMITED BY GUARANTEE) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 (continued)

Appointment of a new Trustee requires unanimous agreement of existing Trustees who will consider the candidate’s motives, values and knowledge/skills with the goal of increasing the capability of the Trustees collectively. Trustees are selected on the basis of the experience, skills and expertise they can bring to further the objectives of BUBIC. They are the ultimate guardians of the ethos and conduct, as well as of the assets, of BUBIC. They are supported by a management team to which is delegated oversight of the day-to-day management of BUBIC and involvement in its daily activities. Certain matters, however, are reserved for decision by the Trustees.

INDUCTION AND TRAINING OF NEW TRUSTEES

The induction process for new Trustees includes an introduction to policies and procedures of the organisation, and to their own roles and responsibilities (based on those described by the Charity Commission in its publications), as well as a series of meetings with members of staff, and a period of familiarisation with our safeguarding policy, the building and the activities carried on both within it and externally.

ORGANISATIONAL STRUCTURE

The Board of Trustees delegates the day-to-day work and operation of BUBIC to a small core team of staff, who operate within defined terms of reference and authority. All staff and all volunteers go through appropriate safeguarding and health and safety training.

BUBIC does not tolerate discrimination on the basis of any protected characteristics; under no circumstances do we accept harassment or bullying, and we maintain strong policies on the safeguarding of children and vulnerable adults, abusive behaviour and health and safety issues.

FUTURE PLANS

We will continue to spread the BUBIC ethos of peer support across Haringey. We aim to do this by offering peer support and empowering people to undertake qualifications including units in mental wellbeing.

The Board has identified the following additional priorities for 24/25 and will work with staff and contractors to make improvements in these areas as follows:

Team wellbeing including team wellbeing initiatives such as team lunches
Communication including improved communication from frontline up to the Board and vice versa including through staff and Trustee away days
Governance including recruitment of new Board members, an HR sub-group and additional Finance Director capacity to continue to support financial good governance and further refine financial processes.
Team and service development including a comprehensive staff training and development plan including executive coaching.

A new Strategic engagement lead post funded by Haringey Council through the government’s Supplemental substance misuse treatment and recovery grant will join the team in 24/25. This post will work strategically with local council partners and services to increase the number of people accessing BUBIC’s support. It will play a key role in developing and implementing strategies to effectively engage with local councils and services.

BRINGING UNITY BACK INTO THE COMMUNITY (BUBIC) (A COMPANY LIMITED BY GUARANTEE) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 (continued)

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company Number

5466965 (England and Wales)

Registered Charity Number

1126353

Registered Office

9 Bruce Grove Tottenham London N17 6RA

Trustees

ADETIMOLE, Abimbola (took on the role of Chair on 27 September 2023) BAFFOUR AWUAH, Funke, Dr MORRIS, Marion (took on the role of Secretary on 27 September 2023) PECHEY, Laura, Dr (took on the role of Treasurer on 27 September 2023) VILLAIBA, Omar Elias (resigned as Treasurer on 27 September 2023 and resigned from the Board on 31 July 2024)

REID, Stephen O'Neill (resigned as Chair and from the Board on 16 September 2023) SIMMONS-SAFO, Michelle (resigned from the Board on 26 September 2023)

Chief Executive

Lanre Babalola

Independent Examiner

Additude Ltd 9 Rhapsody Court Wakeman Road London NW10 5DF

BRINGING UNITY BACK INTO THE COMMUNITY (BUBIC) (A COMPANY LIMITED BY GUARANTEE) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 (continued)

STATEMENT OF TRUSTEES RESPONSIBILITIES

The Trustees (who are also the directors of BUBIC for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the Trustees are required to:

select suitable accounting policies and then apply them consistently;
observe the methods and principles in the Charity SORP;
make judgements and estimates that are reasonable and prudent;
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.

The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

In so far as the Trustees are aware:

there is no relevant audit information of which the charitable company's auditors are unaware; and
the Trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditors are aware of that information.

14/12/24

Approved by order of the board of Trustees on and signed on its behalf by:

~~............................~~ Bola Adetimole (Dec 14, 2024 20:18 GMT) .................

ADETIMOLE, Abimbola – Chair and Trustee

INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF BRINGING UNITY BACK INTO THE COMMUNITY FOR THE YEAR ENDED 31ST MARCH 2024

We report on the accounts of the charity for the year ended 31 March 2024, which are set out on pages 12 to 20.

Respective responsibilities of Trustees and examiner

The Trustees are responsible for the preparation of the accounts. The Trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (“the Charities Act”) and that an independent examination is needed. I am qualified to undertake the examination by being a qualified member of Chartered Institute of Public Finance and Accountancy (CIPFA).

Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to:

examine the accounts under section 145 of the Charities Act;
to follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the Charities Act; and
to state whether particular matters have come to my attention.

Basis of independent examiner’s report

My examination was carried out in accordance with the general directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the Trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair view’ and the report is limited to those matters set out in the statement below.

Independent examiner’s statement

In connection with my examination, no matter has come to my attention:

(1) which gives me reasonable cause to believe that in, any material respect, the requirements:

to keep accounting records in accordance with section 130 of the Charities Act; and
to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act

have not been met; or

(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Andi Dollia

Andi Dollia (Dec 16, 2024 09:29 GMT)

Andi Dollia, CPFA ADDITUDE LTD 9 Rhapsody Court Wakeman Road London NW10 5DF

Date:

16/12/24

BRINGING UNITY BACK INTO THE COMMUNITY (BUBIC) (A COMPANY LIMITED BY GUARANTEE)

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST MARCH 2024 (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT)

Income from: Note Charitable activities 3 Bank interest Total income Expenditure on: 4 Raising funds Charitable activities Total expenditure Net income (expenditure) Transfers between funds Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward	Restricted £ - - - - - - - - - - -	Unrestricted £ 588,735 1,514 590,249 42,935 560,412 603,347 (13,098) - (13,098) 191,365 178,267	2024 Total £ 588,735 1,514 590,249 42,935 560,412 603,347 (13,098) - (13,098) 191,365 178,267	2023 Total £ 393,347 1,364
				394,711
				31,870 385,604
				417,474
				(22,763)
				-
				(22,763)
				214,128
				191,365

The notes on pages 15-20 form part of these financial statements.

BRINGING UNITY BACK INTO THE COMMUNITY (BUBIC) (A COMPANY LIMITED BY GUARANTEE)

BALANCE SHEET AS OF 31ST MARCH 2024

Note Fixed Assets Tangible Assets 7 Current Assets Cash at Bank Debtors 8 Creditors: amounts falling due within one year 9 Net Current Assets Net Assets 10 Funds 11 Restricted Unrestricted Total Funds	2024 £ 22,835 200,258 4,554 204,812 49,380 155,432 178,267 - 178,267 178,267	2023 £ 29,388 167,451 -
		167,451 5,474
		161,977

		191,365
		- 191,365
		191,365

For the year ended 31 March 2024 the charity was entitled to exemption under section 477 of the Companies Act 2006; and no notice has been deposited under section 476. No members have required the charity to obtain an audit of its accounts for the year in question. The Trustees acknowledge responsibility for: i) Ensuring the charity keeps accounting records which comply with section 386; and ii) Preparing financial statements which give a true and fair view of the state of affairs of the charity as at the year-end in accordance with requirements of section 394 and 395, and which otherwise comply with requirements of the Companies Act 2006 relating to financial statements, so far applicable to the charity. These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

14/12/24

Approved by the Trustees on and signed on their behalf by:

Bola Adetimole (Dec 14, 2024 20:18 GMT)

ADETIMOLE, Abimbola – Chair and Trustee

BRINGING UNITY BACK INTO THE COMMUNITY (BUBIC) (A COMPANY LIMITED BY GUARANTEE)

STATEMENT OF CASH FLOW AT 31ST MARCH 2024

Notes Cash flows from operating activities: Cash generated from operations 12 Cash flows from investing activities: Purchase of tangible fixed assets Purchase of fixed asset investments Sale of fixed asset investments Interest received Net cash provided by (used in) investing Activities Change in cash and cash equivalents in the reporting period Cash and cash equivalents at the beginning of the reporting period Cash and cash equivalents at the end of the reporting period	2024 £ 31,293 - - - 1,514 1,514 32,807 167,451 200,258	2023 £ (39,652)
		- - - 1,363
		1,363
		(38,289) 205,740
		167,451

BRINGING UNITY BACK INTO THE COMMUNITY (BUBIC) (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024

1. ACCOUNTING POLICIES

1.1 General information

BRINGING UNITY BACK INTO THE COMMUNITY is a charity registered with the Charity Commission (charity registration number 1126353).

1.2 Going concern

The Trustees confirm that at the time of approving the financial statements, there are no material uncertainties regarding the Charity’s ability to continue in operational existence for the foreseeable future. In arriving at this conclusion the Trustees have taken account of current and anticipated financial performance in the current economic conditions, its business plan and its reserves position. For this reason, the going concern basis continues to be adopted in the preparation of the Charity’s financial statements.

1.3 Basis for preparation

The financial statements have been prepared under the historic cost convention unless otherwise stated in the relevant accounting policy notes and in accordance with Accounting and Reporting by Charities; Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard (FRS) applicable in the UK and Republic of Ireland (FRS102) (effective 1st January 2015) – (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006. The preparation of financial statements requires the use of certain critical accounting estimates. It also requires Trustees to exercise their judgement in the process of applying the accounting policies. Use of available information and application of judgement are inherent in the formation of estimates. Actual outcomes in the future could differ from such estimates. The areas involving a higher degree of judgement or complexity, or areas where assumptions and estimates are significant to the financial statements are disclosed in Note 2.

1.4 Recognition of outstanding employee benefits

No provision for outstanding holiday pay was made under previous UK Generally Accepted Accounting Principles (GAAP). Under FRS 102 the costs of short-term employee benefits are recognised as a liability and an expense. The cost of any unused holiday entitlement is recognised in the period in which the employees’ services are received.

1.5 Fixed assets

Individual fixed assets costing £2,000 or more are initially recorded at cost.

1.6 Fund accounting

The nature and purpose of each fund is explained in Note 11 to the financial statements.

1.7 Financial instruments

The only financial instruments held by the charity are debtors and creditors. These are categorised as ‘basic’ in accordance with Section 11 of FRS 102 and are initially recognised at transaction price. These are subsequently measured at their transaction price less any impairment.

BRINGING UNITY BACK INTO THE COMMUNITY (BUBIC) (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024 (continued)

1.8 Income

Income is recognised when the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. Donations and gifts are recognised in the statement of financial activities when receivable. Income from government and other grants is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred. Donated services and facilities are included at the value to the charity where this can be quantified. Bank interest is recognised on an accrual basis.

1.9 Expenditure

Expenditure is included in the statement of financial activities on an accruals basis, inclusive of any VAT that cannot be recovered. It is recognised when there is a legal or constructive obligation to pay for it. Certain expenditure is directly attributable to specific activities and has been included in those cost categories. Certain other costs, which are attributable to more than one activity, are apportioned across cost categories on the basis of an estimate of the proportion of time spent by staff or resources used on those activities.

1.10 Leases

Rentals applicable to operating leases are charged to the statement of financial activities over the period they are incurred.

2. CRITICAL JUDGEMENTS AND ESTIMATES

No critical judgements have been made by management in applying the charity’s accounting policies.

3. INCOME FROM CHARITABLE ACTIVITIES

. INCOME FROM CHARITABLE ACTIVITIES
London Borough of Haringey Humankind Charity Other Total Income from Charitable Activities	Restricted Unrestricted 2024 Total £ £ £ - 498,735 498,735 - 90,000 90,000 - - - - 588,735 588,735	2023 Total £ 347,397 45,950 -
		393,347

BRINGING UNITY BACK INTO THE COMMUNITY (BUBIC) (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024 (continued)

4. EXPENDITURE ON CHARITABLE ACTIVITIES

Raising funds £ Charitable activities £ Staff costs (note 5) 30,876 329,346 Recruitment and Training - - Rent and Insurance - - Office Overheads - - Project Expenses - 69,721 Ind. Examination fee - - Other Professional fees - - Travel - 32,710 Depreciation - - 30,876 431,777 Add: allocation of support costs 12,059 128,635 Total Expenditure 42,935 560,412 5. STAFF COSTS Staff costs were as follows: Salaries and wages ocial security costs Pension contributions The average number of employees during the year was as follows: Staff numbers expressed as full-time equivalent (FTE)	Support Costs £ 51,460 8,117 6,147 30,527 - 4,200 29,230 4,460 6,553 140,694 (140,694) -	Support Costs £ 51,460 8,117 6,147 30,527 - 4,200 29,230 4,460 6,553 140,694 (140,694) -	2024 Total £ 411,682 8,117 6,147 30,527 69,721 4,200 29,230 37,170 6,553 603,347 - 603,347 2024 £ 375,698 29,030 6,954 411,682 2024 8	2023 Total £ 325,465 4,663 3,642 18,382 32,852 4,200 8,222 14,553 5,495
				414,474
				-
				414,474
				2023 £ 294,942 24,619 5,904 325,465 2023 6.5

5. STAFF COSTS

The number of employees who received emoluments in excess of £60,000 were 1 (2023 – 1).

BRINGING UNITY BACK INTO THE COMMUNITY (BUBIC) (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024 (continued)

6. TAXATION

The charity is exempt from corporation tax as all its income is charitable and is applied for charitable purposes.

7. TANGIBLE FIXED ASSETS

Cost At the start of the year Additions in the year Disposals in the year At the end of the year Depreciation At the start of the year Charge for the year Eliminated on disposal At the end of the year Net book value At the end of the year At the start of the year EBTORS Trade debtors Other debtors	Motor Vehicles £ 40,484 - - 40,484 11,096 6,553 - 17,649 22,835 29,388		Office equipment £ - - - - - - - - - - 2024 £ 3,254 1,300 4,554		Total £ 40,484 - -
					40,484
					11,096 6,553 -
					17,649
					22,835
					29,388
					2023 £ - -
					-

8. DEBTORS

BRINGING UNITY BACK INTO THE COMMUNITY (BUBIC) (A COMPANY LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024 (continued)

9. CREDITORS: AMOUNTS DUE WITHIN 1 YEAR

REDITORS: AMOUNTS DUE WITHIN 1 YEAR
Trade creditors Taxation and social security Accruals and provisions Other creditors	2024 £ 21,146 14,451 11,705 2,078 49,380	2023 £ - 1,274 4,200 -
		5,474

10. ANALYSIS OF NET ASSETS BETWEEN FUNDS

Tangible fixed assets Net current assets Net assets at the end of the year MOVEMENTS IN FUNDS Unrestricted funds: General funds Total unrestricted funds Restricted funds Total funds		Restricted Funds Unrestricted funds Total funds £ £ £ - 22,835 22,835 - 155,432 155,432 - 178,267 178,267 At the start of the year Incoming resources Outgoing resources At the end of the year £ £ £ 191,365 590,249 603,347 178,267	Total funds £ 22,835 155,432
			178,267
		191,365 590,249 603,347 178,267
		- - - -
		191,365 590,249 603,347 178,267

11. MOVEMENTS IN FUNDS

Purposes of funds

General funds : these are available for use at the Trustees ' discretion in furtherance of the objectives of the charity.

BRINGING UNITY BACK INTO THE COMMUNITY (BUBIC) (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024 (continued)

12. RECONCILIATION OF NET INCOME/(EXPENDITURE) TO NET CASH FLOW FROM OPERATING ACTIVITIES

	2024	2023
	£	£
Net income/(expenditure) for the reporting period (as per the statement
of financial activities)	(13,098)	(22,763)
Adjustments for:
Depreciation charges	6,553	5,495
(Gain)/losses on investments	-	-
Interest received	(1,514)	(1,363)
Dividends received	-	-
(Increase)/decrease in debtors	(4,554)	-
(Decrease)/Increase in creditors	43,906	(21,021)
Net cash provided by (used in) operating activities	31,293	(39,652)

13. TRUSTEES' REMUNERATION AND BENEFITS

One of the Trustees, BAFFOUR AWUAH, Funke, Dr was paid the amount of £1,470 (2023 - £1,725) during the year for services provided to the charity.

Trustee Laura Pechey was reimbursed £50.61 for travel expenses in the current year (2023-nil). This was in line with the Trustee expenses guidance.

There were no other trustees' remuneration or benefits.

BUBIC Statutory Accounts 2023-24 FINAL

Final Audit Report

2024-12-16

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