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← Bringing Unity Back Into The Community

2025-03-31-accounts

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 2025

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 2025

PAGE
Report of the Trustees 3 - 10
Statement of Trustees Responsibilities 11
Independent Examiner’s Report 12
Statement of Financial Activities 13
Balance Sheet 14
Statement of Cash Flow 15
Notes to the Financial Statements 16 - 21

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BRINGING UNITY BACK INTO THE COMMUNITY (BUBIC) (A COMPANY LIMITED BY GUARANTEE) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025

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 2025.

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:

The activities undertaken in 2024/25 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 2024 to March 2025, 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

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BRINGING UNITY BACK INTO THE COMMUNITY (BUBIC) (A COMPANY LIMITED BY GUARANTEE) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 (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:

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

Social activities: becoming more engaged with their peers and the local community. Activities include sports and games, exercise, communal meals, walks and bike rides. 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

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BRINGING UNITY BACK INTO THE COMMUNITY (BUBIC) A COMPANY LIMITED BY GUARANTEE) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 (continued)

anxiety. During all social activities staff, peer mentors and peer supporter volunteers are on hand to provide support, encouragement and a non-judgemental listening ear.

Our Night service project which receives £128,780 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 Waythrough 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.

Our Strategic engagement project receives £50,000 of funding : a new Strategic engagement lead post funded by Haringey Council through the government’s Supplemental substance misuse treatment and recovery grant joined the team. This post works strategically with local council partners and services to increase the number of people accessing BUBIC’s support with a focus on information sharing to support people in need in local hot spots.

Our Peer support project receives £37,426 of funding: this additional funding allowed us to develop and train our peers to support the criminal justice team with their activities, primarily during the early release of people from prison. Our trained peers provided peer support to people leaving prison, engaging with them at Probation offices and the courts to ensure that they had access to ongoing treatment in the community and housing. Our peers met people in the community, accompanied them to appointments and provided one-toone support. We also trained our peers to support our wider service delivery. This included supporting and providing peer support through our Night service project and Night outreach activities.

5

BRINGING UNITY BACK INTO THE COMMUNITY (BUBIC) A COMPANY LIMITED BY GUARANTEE) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 (continued)

Events :

We were grateful to receive donations of food and sundries from local businesses 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:

FINANCIAL REVIEW

Total income for the period ending to 31 March 2025 amounted to £557,286 (2024: £590,249) which was grants and donations for which we are very grateful. Total expenditure was £526,657 (2024: £603,347) most of which all were the direct costs of charitable activities and fundraising. BUBIC therefore generated a surplus

6

BRINGING UNITY BACK INTO THE COMMUNITY (BUBIC) (A COMPANY LIMITED BY GUARANTEE) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 (continued)

of £30,629 (2024: deficit of £13,098) in the financial year in question. We will be focusing on increasing revenue income in 2025-26 in line with our strategic plans to become more sustainable and ensuring that we can meet the increased demand for our services. We are very grateful for the support and the grants received from the London Borough of Haringey and the Waythrough charity.

Reserves policy

At the end of the financial period under review the unrestricted reserves (general fund) stood at £208,896 (2024: £178,267). 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 2025-2026 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 2025, together with the budget, income & expenditure account and cash flow statements for the period from 1 April 2025 to 31 March 2026. The Trustees consider that the budget is reasonable and that BUBIC has, and will have, 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.

The Board and senior management team implemented the following governance and quality improvement activity in 2024/25:

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BRINGING UNITY BACK INTO THE COMMUNITY (BUBIC) A COMPANY LIMITED BY GUARANTEE) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 (continued)

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.

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.

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BRINGING UNITY BACK INTO THE COMMUNITY (BUBIC) (A COMPANY LIMITED BY GUARANTEE) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 (continued)

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.

The Board has identified the following additional priorities for 25/26 and will work with staff and contractors to make improvements in these areas as follows:

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BRINGING UNITY BACK INTO THE COMMUNITY (BUBIC) (A COMPANY LIMITED BY GUARANTEE) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 (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 (reappointed as Chair on 28 February 2025) BAFFOUR AWUAH, Funke, Dr (reappointed as Trustee on 28 February 2025) MORRIS, Marion (reappointed as Secretary on 28 February 2025) PECHEY, Laura, Dr (reappointed as Treasurer on 28 February 2025) VILLAIBA, Omar Elias (resigned as Treasurer on 27 September 2023 and resigned on 31 July 2024) FOSTER, John Howard, Prof. (appointed 28 February 2025) GAGER, Dawn (appointed 28 February 2025) MIRANDA, Sheila (appointed 28 February 2025) ROBINS, John, Dr. (appointed 28 February 2025)

Chief Executive

Lanre Babalola

Independent Examiner

Additude Ltd 9 Rhapsody Court Wakeman Road London NW10 5DF

10

BRINGING UNITY BACK INTO THE COMMUNITY (BUBIC) (A COMPANY LIMITED BY GUARANTEE) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 (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:

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:

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

A.b.adehmole ~~...............................~~ A.b.adehmole (Aug 17, 2025 20:09:42 GMT+1) ..............

17/08/2025

ADETIMOLE, Abimbola – Chair and Trustee

11

INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF BRINGING UNITY BACK INTO THE COMMUNITY FOR THE YEAR ENDED 31ST MARCH 2025

We report on the accounts of the charity for the year ended 31 March 2025, which are set out on pages 13 to 21.

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:

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:

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 (Aug 18, 2025 16:27:06 GMT+1)

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

Date:

17/08/2025

12

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

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST MARCH 2025 (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

£

555,575
1,711
557,286
42,080
484,577
526,657
30,629
-
30,629
178,267
208,896		 2025
Total
£
555,575
1,711
557,286
42,080
484,577
526,657
30,629
-
30,629
178,267
208,896		 2024
Total
£
588,735
1,514

590,249

42,935
560,412

603,347

(13,098)

-

(13,098

191,365
178,267

The notes on pages 15-21 form part of these financial statements.

13

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

BALANCE SHEET AS OF 31ST MARCH 2025

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		 2025
£
15,223
230,103
-
230,103
36,430
193,673
208,896
-
208,896
208,896		 2024
£
22,835
200,258
4,554
204,812
49,380
155,432
178,267
-
178,267
178,267

For the year ended 31 March 2025 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.

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

A.b.adehmole

A.b.adehmole (Aug 17, 2025 20:09:42 GMT+1)

ADETIMOLE, Abimbola – Chair and Trustee

17/08/2025

14

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

STATEMENT OF CASH FLOW AT 31ST MARCH 2025

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		 2025
£
28,134

-

-

-

1,711

1,711
29,845
200,258
230,103		 2024
£
31,293
-
-
-
1,514
1,514
32,807
167,451
200,258

15

BRINGING UNITY BACK INTO THE COMMUNITY (BUBIC) (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025

1. ACCOUNTING POLICIES

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

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.

16

BRINGING UNITY BACK INTO THE COMMUNITY (BUBIC) (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025 (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
Waythrough
Other
Total Income from Charitable Activities		 Restricted
Unrestricted
2025
Total
£
£
£
-
465,575
465,575
-
90,000
90,000
-
-
-
-
555,575
555,575		 2024
Total
£
498,735
90,000
-
588,735

17

BRINGING UNITY BACK INTO THE COMMUNITY (BUBIC) (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025 (continued)

4. EXPENDITURE ON CHARITABLE ACTIVITIES

Raising
funds
£
Charitable
activities
£
Staff costs (note 5)
31,129
332,039
Recruitment and Training
-
-
Rent and Insurance
-
-
Office Overheads
-
-
Project Expenses
-
35,651
Ind. Examination fee
-
-
Other Professional fees
-
-
Travel
-
79
Depreciation
-
-
31,129
367,769
Add: allocation of support costs
10,951
116,808
Total Expenditure
42,080
484,577
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
£
51,880
8,252
4,733
29,940
-
4,410
20,932
-
7,612
127,759
(127,759)
-		 Support
Costs
£
51,880
8,252
4,733
29,940
-
4,410
20,932
-
7,612
127,759
(127,759)
-		 2025
Total
£
415,048
8,252
4,733
29,940
35,651
4,410
20,932
79
7,612
526,657
-
526,657
2025
£
377,527
30,019
7,502

415,048
2025
9		 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

5. STAFF COSTS

18

BRINGING UNITY BACK INTO THE COMMUNITY (BUBIC) (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025 (continued)

The number of employees who received emoluments in excess of £60,000 were 1 (2024 – 1).

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

ANGIBLE 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
17,649
7,612
-
25,261
15,223
22,835		 Office
equipment
£
-
-
-
-
-
-
-
-
-
-
2025
£
-
-

-		 Total
£
40,484
-
-
40,484
17,649
7,612
-
25,261
15,223
22,835
2024
£
3,254
1,300
4,554

8. DEBTORS

19

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

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025 (continued)

9. CREDITORS: AMOUNTS DUE WITHIN 1 YEAR

REDITORS: AMOUNTS DUE WITHIN 1 YEAR
Trade creditors
Taxation and social security
Accruals and provisions
Deferred income
Other creditors		 2025
£
5,233
7,729
9,502
12,500
1,466

36,430		 2024
£
21,146
14,451
11,705
-
2,078
49,380

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
£
£
£
-
15,223
15,223
-
193,673
193,673
-
208,896
208,896
At the
start of
the year
Incoming
resources
Outgoing
resources
At the end
of the year
£
£
£
178,267
557,286
526,657
208,896		 Total funds
£
15,223
193,673
208,896
178,267
557,286
526,657
208,896
-
-
-
-
178,267
557,286
526,657
208,896

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.

20

BRINGING UNITY BACK INTO THE COMMUNITY (BUBIC) (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025 (continued)

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

2025 2024
£ £
Net income/(expenditure) for the reporting period (as per the statement
of financial activities) 30,629 (13,098)
Adjustments for:
Depreciation charges 7,612 6,553
(Gain)/losses on investments - -
Interest received (1,711) (1,514)
Dividends received - -
(Increase)/decrease in debtors 4,554 (4,554)
(Decrease)/Increase in creditors (12,950) 43,906
Net cash provided by (used in) operating activities 28,134 31,293

13. TRUSTEES' REMUNERATION AND BENEFITS

One of the Trustees, BAFFOUR AWUAH, Funke, Dr was paid the amount of £300 (2024 - £1,470) during the year for services provided to the charity.

There were no trustees’ reimbursements in the current year (2024 - £50.61). This was in line with the Trustee expenses guidance.

There were no other trustees' remuneration or benefits.

21

BUBIC Statutory Accounts 2024-25 FINAL for signature

Final Audit Report

2025-08-18

Created: 2025-08-12 By: Andi Dollia (ukresource@payeslip.co.uk) Status: Signed Transaction ID: CBJCHBCAABAACkQyYBq5eyXL8ebbmdn_rcQcUvEezX5P

"BUBIC Statutory Accounts 2024-25 FINAL for signature" Histor

y

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