CHARITY COMMISSION FOR ENGLAND AND WALES Tru8teas' annual rnport (including Dlrector8' report) for the perlod From.. 0110612021 To: 31105121)22 Charlty name: FrierKls of lfjng A￿d Buses Charity reglstratlon numb•r: 1175535 Company number: 11031147 Objectives and activltle8 SORP rah￿nl Summary ofthe purposes of the charity a$ $et oul in ts goveming document Para 1.17 In a£cwdan￿ WTth clause 5.1 ofthe charltys Artldes of A5soclèth)n Constltution Yo purchase. malntsln, resto￿ and p￿Serve for the benefit of the publ[¢ vehEcles. artefacts. archive materfal an(i other Items whlch pertain to and refiett the transp¢rt herfta8¢ and thararter of R. Chlsnell & Sons Ltd Itja King Alfred Motor SeNlte51 and other bus and coach operotlons In the Ctty of Wlnchestsr and the surrounding areas,. Summary of the main activitie8 in relation to th08e PUTposes for the public benèfit, in particular, the actlvitw6, projects or services tdentlfied in the 8¢counts. P8rn 1.17 and 1.19 In planning activlties forthe year land for the longerterml the Trustees have 3t all times been mlndfLFI of the Charfty Commlsslon'5 guldance on publlc benefit. In prartlcal ttmis. thi5 has in the pa5ttsken rhe fomi of attendance by FoKAB- owned historfG vehicl¢s at numerous herltase- related ￿nts at varrous venues in southern England, where in most ￿eS membets of the public have had the opportunltyto travel on variety of FoKAB-owned vehicles. In common with almost every other transport related heritage ¢)r8anisatlon the Charlty was afferted bythe Coronavirus pandemicwFth the result that few outdoor attmties IFOKAB'S own or events organised by others which the charity typlcally attends) took place durine Summer 2021. However by September 2021 a major Runfting Day Itn conjunction wlth the Herltage Open Days event) took place. As the first such eventslnce January 2020 it was a major success both in temis gf numbers of passengers carrJed and money raised. This was folbwed by a smaller Running Day in January 2022 and a major Running Day in May 2022. This marked a retum to the previous pattern of a falrly small évent In Januaryi a muth larser on¢ in the spring and another in the autumn, the latter as part of the wfder HwRage Open Day5 Inltiative organised tywinchester Gty Councll In partnersh5p wtth other herity b￿les. Lookln8 tothe fU￿re, and as has been noted In previous years, theTrustees remain COnSCiOLts of the need to seek a MO￿ suitable base for the collection. The 17 vehicles In FoL4B's stewardship are now stored at three different locatlons, none ot whlth ha5 long term securty of tenure nor is sultable for access bythe 8eneral public. Attentlon contlnues to focus on this area, although with the hlgh propery prices and plannlrva re5trlcUons assodated wÈth the Winchester area no 5ultable opportunkies were identlf*d during the reporttng year. Statement confimlng whether the trustees have had regard to the guidancè i8sued by the Charity Commission on publ benefrt Parn1.18 The twstees ha￿ re8ard to the guidance Issued by the Charity Commiwon on publlc benefft at all ttme& Addttional inforniallon (optlonal) Ycwm Ghoose to include fvrther statements where relevant 81)0 SORP r8fernKe The contrfbution made byvolunteer5 ts crlrical to FOKAB'S ongoingsuccess. All operatlonal and admlnlstratlve tssks are carried out entirely by unpald volunteers drawn from the membership, as is the great majority of en8ineerin8 and restoration activity. Without such enthusiaStIc suppo¢ FOKAB would Simply be unable to eontinue its present level of athievement. Contribution made by volunteers Para 1.38 Achievomants and p•rfonnanca RevivN of the Gharity's financial posiuon St the end of the Pam 1.21 The board of trustee5 is satisfled that the charlty's assets are avallable and adequate to fuffii its obliBations. statement explaining tl policy for holding reserves stsung why are held PaTa 122 The nature of the charit￿$ activtties in restorlng and malntsining a collection of 17 hlstorl¢ motor vehicles require5 a significant sum 'in hand, agalnst contln8encies such a5 major component overhaul or replacement. Agalnstthis b8cWund. the charitys Invesirnent & ReseThe5 Policy spectfie5 that at least £15k will be held in current account {un￿stricted fvndsl, representing a typical six month< out8oln85. Beyond that an y￿apped amount Is held In a depostt accourrt, r4lsed predomlnandyfrom le8acies and donatKJnsi prlmarily forthe purpose of eventual acquisTtion of pemanent premlses. Future pollcy wlll focus on continulng to bulld financial resources in readlness for property acquisition aimed at securln8 the charitvs long-temi future. In the short terni. some of th15 fund may be nee(led to cover the Increased rent atthe new premises a8ainst bad(ground of reduced hJndraisinB opportunlties ar151n8 from the coronavirus pandemlc and assoaated recessoon. However, the net position wlll be mltigated through ontrlbutlon5 from members. Amount of reser￿ held Para 1.22 £171.639 Reasons for holding zero reserves Para 122 NIA Detai18 of fund materialty in deficit Para 1.24 NIA Explanation of any unc8rtaintie8 about the charity continuing as a going P￿￿ 1.23 None. The charity ha5 sufficlent reser4ES and 5UPPOrt of the members to be onsidered a going con￿rn. Addilional Inforniation (optional) Youm choose to include fvrther statements where relevant about Para 1.47 Maln sources of funding are donatlons from 5UPPOrters, from membership fee5, from legacies, and from sales and stall income associated wlth the Running Day and other events. The charity'$ pri￿1p3 sources of fvnds (includlNd any fundraising) A description of the prindpal risks fa¢ing the charity Para 1.46 The runnlng of successhjl events In September 2021 and subsequently Shows that the trustees were justifled in believln8 that interèst in the 8roup's activities {both from members and from the public) remains strong and that such events as we are able to organi5e will be well sUPPOrted and produced fund raising and de5ivery of public benefit comparable with that of previous years. The second re￿ant risk affectin8 FOKAB is the absence of securlty of tenure in relation to the various premlses where the buses are stored. Further, as noted in previous years, even where the landlord is happy for the Charity to remain in occupation there is the risk of a demand for an increased rent and thls has come about In relatlon to one of the buildings occupied where the Tent ha5 more than doubled. . Accordinsty, the trustees continue to look for alternative sources of funds and to pursue the long-term objective of ownlng our own accommodation. Structurn, governance and management D88cription of charity's Type of goveming document: for example, ¢ieeo. Inyrr..o,"anaum anu articles cf a880frlntion elp Par• 1.25 Memorandum & Articles of Assoclatlon {Incorporated at Companies House on 25th October 2017). How is the chaiity constituted? Pata 1.25 Charitable Company Limited by Guarantee (CLG) wlth 2(M) member& loi- exam.ple iimiteo company, ilii P¢orpOrtsre￿ Lq88OCi&ilOn, Trustee se18Ctron meth￿8 including details of ary ¢on8titutlonal provision$ e.g. electlon to post or name of any parson or body enlitl8d to appoint one ￿ more trustees Pata 1.25 Trustees are appointed or reappointed by election by the member5 of the CLG at the Annual General Meeting held in Septernber or October each year, In accordance with the Artide5 Of Association. The principle adopted is that each year one third of the Trustees shall retlre but may stand for re- electlon. Additlonal inforniation (optlonal) You ma thry)se to SnGtude further statements where relevant about: Trustees are appointed or reappointed by election by the members of the CLG at the Annual General Meetlng tradltionally held In Ortober each year but for the last few year5 held remotely by Zoom in september. in accordan￿ with the Articles of Association. The principle adopted Is that each year one third of the Trustees shall retlre but may Stand for reelection. Pojictes and procedures adopted for the inductfjon and training of tru8to8s Para 1.51 FOKAB Is a member of Communlty First Havant & East Hampshire ICFHEH) enabling Trustees to attend courses explainin8 the responsibllities of a reglstered charlty and their role In its Management. FOKAB is also a member of the National Association of Road Transport Museurns INARTM) whlch prOV￿eS u*ful advi￿ and the opwrtunlty to exchange ideas on 'best prartice, with other organisations with slmilar alm& Membership Is also malntained of individual 'marque' dubs le.g. for Alblon, Dennis, Leyland vehides) who are able to asslst restoration, especially in sourcing rare skills or replacement parts. The Gharity's organlsational structure and any wlder nelwork with ￿1¢h the charity works Para 1.51 An infomial and cordial relatlonship is also malntained wlth bodles such as Winchester City Council and Winchester Discovery Centre. Including attendance by historic vehides at appn)priate events and other participatlon in heritage activities. The Trustees see that approprh3te insuran￿5 are In place to cover motoring risks, asset values and public liablllty. A Health & Safety sub-committee meets when requI￿d and provides advi￿ to minlmlse risks to volunteer workers and the wider public. All trustees give their time on an entirely voluntary basls and receive no remuneration or other benefits. Friends of Kin8 Alfred Buses is the sole shareholder of a donnant company. Kin8 Alfred Motor servi￿ Limited. The company number 1$ 12587632 ReL*ion8hlp wlth any related partles Para 1.51 Ref•renc• and admlnistratlve dotai18 Charty name Friond8 of Klng Alfr￿ Bu8•8 Other name the charity uses Reglstered charity number Charity'$ principal addre88 1175535 34 High 8trrt Nutfteld. Redhlll, RH14HQ Namm of the charfty tru•to0s who manage the charlty Offlc• (If any) Datss •cl•d ￿n￿￿1whO Chalmian llama Of poY8on lorbody) •ntlU•d James D.F. Freeman David R, Morgan Stephen G. Bigley Roger Harrls Dave Ledbury NiGhola8 Richardson Henry Pratt Secretsry Trèasurer 10 11 12 13 14 15 16 17 18 19 20 rate trustees- names of the directors at the dats the re Dlr•¢tor namo wasa Stephen G. Bigley James D.F. Freeman Ro8er Harris David Lodbury David Mor8an Henry Pratt Nicholas Richardson Name of truÉta89 holdlng Ibtta to piDpety belonging to the tharlty D•l•s 4ct•rt Ifnotforwhol• yw Funds held as custodian trustses on behalf of other8 DesrJiption of the as8ets held in this capacity Name and objerts of the charity on whose behalfthe assets are held and howthi8 fall$ within the custodian charity's ob Details of arrangements for safe custody and Segregation of such assets from the eharEty's own a￿et8 Addluonal Informatlon ioptional) Names and addre89eg of advlsers (opJon•l Infornmtion) Type of adviBgr Addre Nama rrf chl•f oxwdv• or n•m•• of Mnlor slaff mem1￿rS (optional InfomialFon} Examptlon8 from d•8cIo8ure Reason for nortsdi8¢103ura of nnel datai Other o tional infonnatlon Doclaratlons ieport) abov Full nanx(•) |Friends of King Alfred Buses|CharityNo|1175535|| |---|---|---|---| ||CompanyNo|11031147|| |Annualaccountsforthe period|||| |Period start date
**1st June 2021**|**To**|Period end
date
**31st May 2022**|| ## **Section A Statement of financial activities (including summary income and expenditure account)** |Guidance Note
10048
S01
S02
S03
S04
S05
S06
S07
**Expenditure (Notes 6)**
**Expenditure on:**
S08
S09
S10
S11
S12
S13
Tax payable
S14
S15
Net gains/(losses) on
investments
S16
S17
**Extraordinary items**
S18
S19
S20
Other gains/(losses)
S21
S22
**_Reconciliation of_**
**_funds:_**
S23
S24
**_Total funds carried forward_**
**_Total_**
**Net income/(expenditure) after tax**
**before investment gains/(losses)**
**Net income/(expenditure)**
**Transfers between funds**
Other trading activities
**_Total_**
**Recommended categories by activity**
Total funds brought forward
Raising funds
Separate material item of income
Other
Other
Gains and losses on revaluation of fixed assets for the
charity’s own use
Charitable activities
Investments
**Net income/(expenditure) before tax for**
**the reporting period**
**_Net movement in funds_**
**Income and endowments from:**
Donations and legacies
**Income (Note 3)**
Charitable activities
**Other recognised** **gains/(losses):**
Separate material expense item|**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**£**
**£**
**£**
F01
F02
F03|**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**£**
**£**
**£**
F01
F02
F03|**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**£**
**£**
**£**
F01
F02
F03|**Total funds**
**Prior year**
**funds**
**£**
**£**
F04
F05|**Total funds**
**Prior year**
**funds**
**£**
**£**
F04
F05| |---|---|---|---|---|---| ||101,809|-|-|101,809|72,263| ||16,302|-|-|16,302|-| ||18,929|-|-|18,929|13,765| ||14|-|-|14|34| |||-|-|-|-| |||-|-|-|| ||137,054|-|-|137,054|86,062| ||||||| ||4,203|-|-|4,203|| ||79,639|-|-|79,639|84,203| ||||||| ||5,000|-|-|5,000|-| ||88,842|-|-|88,842|84,203| ||||||| ||48,212|-|-|48,212|1,859| ||-|-|-|-|-| ||48,212|-|-|48,212|1,859| ||-|-|-|-|-| ||48,212|-|-|48,212|1,859| ||-|-|-|-|-| ||-|-|-|-|-| ||||||| |||-|-|-|-| ||-|-|-|-|-| ||48,212|-|-|48,212|1,859| ||||||| ||283,907|-|-|283,907|282,048| ||332,119|-|-|332,119|283,907| 1 CC17a (Excel) 12/03/2021 ||Friends|of King Alfred|Buses|Charity No
Company No|1175535|| |---|---|---|---|---|---|---| ||||||11031147|| |**Section B Balance**||**sheet**||||| |Guidance Note
**Fixed assets**
**Intangible assets (Note 15)**
B01
**Tangible assets (Note 14)**
B02
**Heritage assets (Note 16)**
B03
**Investments (Note 17)**
B04
**_Total fixed assets_**
B05
**Current assets**
**Stocks (Note 18)**
B06
**Debtors (Note 19)**
B07
**Investments (Note 17.4)**
B08
**Cash at bank and in hand (Note 24)**
B09
**_Total current assets_**
B10
**Creditors: amounts falling due within**
**one year (Note 20)**
B11
**_Net current assets/(liabilities)_**
B12
**_Total assets less current liabilities_**
B13
**Creditors: amounts falling due after**
**one year (Note 20)**
B14
**Provisions for liabilities**
B15
**_Total net assets or liabilities_**
B16
**Funds of the Charity**
**Endowment funds (Note 27)**
B17
**Restricted income funds (Note 27)**
B18
**Unrestricted funds**
B19
**Revaluation reserve**
B20
**Fair value reserve**
B21
**_Total funds_**
B22||**Unrestricted**
**funds**
**£**
F01|
**Restricted**
**income**
**funds**
**£**
F02|**Endowment**
**funds**
**£**
F03|**Total this**
**year**
**£**
F04|**Total last**
**year**
**£**
F05| |||-|-|-|-|-| |||10,000|-|-|10,000|15,000| |||146,000|-|-|146,000|146,000| |||-|-|-|-|-| |||156,000|-|-|156,000|161,000| |||||||| |||-|-|-|-|-| |||5,000|-|-|5,000|5,000| |||-|-|-|-|-| |||171,639|-|-|171,639|118,427| |||176,639|-|-|176,639|123,427| |||||||| |||520|-|-|520|520| |||||||| |||176,119|-|-|176,119|122,907| |||||||| |||332,119|-|**-**|332,119|283,907| |||||||| |||-|-|-|-|-| ||||-|-|-|-| |||||||| |||332,119|-|-|332,119|283,907| |||||||| |||-|||-|-| ||||-||-|-| |||332,119||-|332,119|283,907| ||||||-|| |||||||| |||332,119|-|-|332,119|283,907| _**The company was entitled to exemption from audit under s477 of the Companies Act 2006 relating to small companies.**_ _**The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.**_ _**The directors acknowledge their responsibilities for complying with the requirements of the Companies Act with respect to accounting records and the preparation of accounts.**_ _**These accounts have been prepared in accordance with the provisions applicable to small companies subject to the small companies regime and in accordance with FRS102 SORP.**_ |**_ect to the small companies regime and in accordance_**|**_with FRS102 SORP._**|| |---|---|---| |Signature of director authenticating accounts being sent to
Companies House
Signed by one or two trustees/directors on behalf of all the
trustees/directors|Print Name|Date of
approval
dd/mm/yyyy| ||S G Bigley|23/02/2023| |||| |||| ||Signature|Date
dd/mm/yyyy| |||23/02/2023| |||| 2 CC17a (Excel) 12/03/2021 **Section C Notes to the accounts** ## Note 1 **Basis of preparation** ## **1.1 Basis of accounting** These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts. The accounts have been prepared in accordance with: • the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 - and with the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) - and with the Charities Act 2011. The charity constitutes a public benefit entity as defined by FRS 102. ## **1.2 Going concern** _**If there are material uncertainties related to events or conditions that cast significant doubt on the charity's ability to continue as a going concern, please provide the following details or state "Not applicable", if appropriate:**_ |Disclosure of any uncertainties that make the
going concern assumption doubtful;
Where accounts are not prepared on a going
concern basis, please disclose this fact
together with the basis on which the trustees
prepared the accounts and the reason why the
charity is not regarded as a going concern.
An explanation as to those factors that support
the conclusion that the charity is a going
concern;|**_The charity's trustees have assessed that the charity has_**
**_sufficient cash reserves to continue its operations and meet its_**
**_liabilities as they fall due for at least the next 12 month period._**
**_Therefore it is deemed appropriate to prepare the accounts on_**
**_a going concern basis._**| |---|---| ||**_Not applicable_**| ||**_Not applicable_**| ## **1.3 Change of accounting policy** The accounts present a true and fair view and no changes have been made to the accounting policies adopted in note { }. |Yes*
No*||* -Tick as appropriate| |---|---|---| |||| ## **1.4 Changes to accounting estimates** No changes to accounting estimates have occurred in the reporting period (3.46 FRS102 SORP). |Yes*
No*||* -Tick as appropriate| |---|---|---| |||| ## **1.5 Material prior year errors** No material prior year error have been identified in the reporting period (3.47 FRS102 SORP). |Yes*
No*||* -Tick as appropriate| |---|---|---| |||| 3 CC17a (Excel) 12/03/2021 ## **Section C Notes to the accounts (cont)** ## **Note 2 Accounting policies** |**Recognition of income**
**2.2 INCOME**
**Donated goods**
In the case of performance related grants, income must only be recognised to the extent
that the charity has provided the specified goods or services as entitlement to the grant
only occurs when the performance related conditions are met (5.16 FRS 102 SORP).
**Volunteer help**
The value of any voluntary help received is not included in the accounts but is described
in the trustees’ annual report.
**Donated services and**
**facilities**
**Contractual income and**
**performance related**
**grants**
Gifts in kind for use by the charity are included in the SoFA as income from donations
when receivable.
**Support costs**
**Settlement of insurance**
**claims**
Donated services and facilities that are consumed immediately are recognised as
income with an equivalent amount recognised as an expense under the appropriate
heading in the SOFA.
**Government grants**
The charity has received government grants in the reporting period
**Legacies**
**Tax reclaims on**
**donations and gifts**
Legacies are included in the SOFA when receipt is probable, that is, when there has
been grant of probate, the executors have established that there are sufficient assets in
the estate and any conditions attached to the legacy are either within the control of the
charity or have been met.
**Income from membership**
**subscriptions**
**Income from interest,**
**royalties and dividends**
The charity has incurred expenditure on support costs.
This is only included in the SoFA once the charity has provided the related goods or
services or met the performance related conditions.
The cost of any stock of goods donated for distribution to beneficiaries is deemed to be
the fair value of those gifts at the time of their receipt and they are recognised on
receipt. In the reporting period in which the stocks are distributed, they are recognised
as an expense at the carrying amount of the stocks at distribution.
Donated goods for resale are measured at fair value on initial recognition, which is the
expected proceeds from sale less the expected costs of sale, and recognised in 'Income
from other trading activities' with the corresponding stock recognised in the balance
sheet. On its sale the value of stock is charged against 'Income from other trading
activities' and the proceeds from sale are also recognised as 'Income from other trading
activities'.
Goods donated for on-going use by the charity are recognised as tangible fixed assets
and included in the SoFA as incoming resources when receivable.
Donated goods are measured at fair value (the amount for which the asset could be
exchanged) unless impractical to do so.
**Offsetting**
**Grants and donations**
Donated services and facilities are included in the SOFA when received at the value of
the gift to the charity provided the value of the gift can be measured reliably.
Gift Aid receivable is included in income when there is a valid declaration from the
donor. Any Gift Aid amount recovered on a donation is considered to be part of that gift
and is treated as an addition to the same fund as the initial donation unless the donor or
the terms of the appeal have specified otherwise.
There has been no offsetting of assets and liabilities, or income and expenses, unless
required or permitted by the FRS 102 SORP or FRS 102.
Membership subscriptions which gives a member the right to buy services or other
benefits are recognised as income earned from the provision of goods and services as
income from charitable activities.
Membership subscriptions received in the nature of a gift are recognised in Donations
and Legacies.
These are included in the Statement of Financial Activities (SoFA) when:
 the charity becomes entitled to the resources;
 it is more likely than not that the trustees will receive the resources;
 the monetary value can be measured with sufficient reliability.
Grants and donations are only included in the SoFA when the general income
recognition criteria are met (5.10 to 5.12 FRS102 SORP).
This is included in the accounts when receipt is probable and the amount receivable can
be measured reliably.
Insurance claims are only included in the SoFA when the general income recognition
criteria are met (5.10 to 5.12 FRS102 SORP) and are included as an item of other
income in the SoFA.|Yes*
No*
N/a*|Yes*
No*
N/a*|Yes*
No*
N/a*| |---|---|---|---| ||||| ||Yes*
No*
N/a*||| ||||| ||Yes*
No*
N/a*||| ||||| ||Yes*
No*
N/a*||| ||||| ||Yes*
No*
N/a*||| ||||| ||Yes*
No*
N/a*||| ||||| ||Yes*
No*
N/a*||| ||||| ||Yes*
No*
N/a*||| ||||| ||Yes*
No*
N/a*||| ||||| ||Yes*
No*
N/a*||| ||||| ||Yes*
No*
N/a*||| ||||| ||Yes*
No*
N/a*||| ||||| ||Yes*
No*
N/a*||| ||||| ||Yes*
No*
N/a*||| ||||| ||Yes*
No*
N/a*||| ||||| ||Yes*
No*
N/a*||| ||||| ||Yes*
No*
N/a*||| ||||| ||Yes*
No*
N/a*||| ||||| ||Yes*
No*
N/a*||| ||||| ||Yes*
No*
N/a*||| ||||| ||Yes*
No*
N/a*||| ||||| 4 CC17a (Excel) 12/03/2021 |**Grants with performance**
**conditions**
**2.4 ASSETS**
The charity has investments which it holds for resale or pending their sale and cash and
cash equivalents with a maturity date less than one year. These include cash on
deposit and cash equivalents with a maturity of loss than one year held for investment
purposes rather than to meet short-term cash commitments as they fall due.
**Governance and support**
**costs**
**Creditors**
**Redundancy cost**
The charity made no redundancy payments during the reporting period.
Where the charity gives a grant with conditions for its payment being a specific level of
service or output to be provided, such grants are only recognised in the SoFA once the
recipient of the grant has provided the specified service or output.
**Investments**
**Investment gains and**
**losses**
Fixed asset investments in quoted shares, traded bonds and similar investments are
valued at initially at cost and subsequently at fair value (their market value) at the year
end. The same treatment is applied to unlisted investments unless fair value cannot be
measured reliably in which case it is measured at cost less impairment.
Where there are no conditions attaching to the grant that enables the donor charity to
realistically avoid the commitment, a liability for the full funding obligation must be
recognised.
**Current asset**
**investments**
This includes any realised or unrealised gains or losses on the sale of investments and
any gain or loss resulting from revaluing investments to market value at the end of the
year.
Support costs include central functions and have been allocated to activity cost
categories on a basis consistent with the use of resources, eg allocating property costs
by floor areas, or per capita, staff costs by the time spent and other costs by their
usage.
Support costs have been allocated between governance costs and other support.
Governance costs comprise all costs involving public accountability of the charity and its
compliance with regulation and good practice.
The charity has creditors which are measured at settlement amounts less any trade
discounts
These are capitalised if they can be used for more than one year, and cost at least
**Heritage assets**
**Deferred income**
No material item of deferred income has been included in the accounts.
**Provisions for liabilities**
A liability is measured on recognition at its historical cost and then subsequently
measured at the best estimate of the amount required to settle the obligation at the
reporting date
**Basic financial**
**instruments**
**Stocks and work in**
**progress**
**Debtors**
They are valued at cost.
**Tangible fixed assets for**
**use by charity**
**Liability recognition**
Liabilities are recognised where it is more likely than not that there is a legal or
constructive obligation committing the charity to pay out resources and the amount of
the obligation can be measured with reasonable certainty.
**Grants payable without**
**performance conditions**
The depreciation rates and methods used are disclosed in note 14.
**Intangible fixed assets**
**2.3 EXPENDITURE AND LIABILITIES**
The charity accounts for basic financial instruments on initial recognition as per
paragraph 10.7 FRS102 SORP. Subsequent measurement is as per paragraphs 11.17
to 11.19, FRS102 SORP.
Investments held for resale or pending their sale and cash and cash equivalents with a
maturity date of less than 1 year are treated as current asset investments
They are valued at cost.
They are valued at cost.
The charity has intangible fixed assets, that is, non-monetary assets that do not have
physical substance but are identifiable and are controlled by the charity through custody
or legal rights. The amortisation rates and methods used are disclosed in note 15.
The charity has heritage assets, that is, non-monetary assets with historic, artistic,
scientific, technological, geophysical or environmental qualities that are held and
maintained principally for their contribution to knowledge and culture. The depreciation
rates and methods used as disclosed in note 16.
Stocks held for sale as part of non-charitable trade are measured at the lower or cost or
net realisable value.
Goods or services provided as part of a charitable activity are measured at net
realisable value based on the service potential provided by items of stock.
Debtors (including trade debtors and loans receivable) are measured on initial
recognition at settlement amount after any trade discounts or amount advanced by the
charity. Subsequently, they are measured at the cash or other consideration expected
to be received.
Work in progress is valued at cost less any foreseeable loss that is likely to occur on the
contract.
They are valued at fair value except where they qualify as basic financial instruments.|Yes*
No*
N/a*|Yes*
No*
N/a*|Yes*
No*
N/a*| |---|---|---|---| ||||| ||Yes*
No*
N/a*||| ||||| ||Yes*
No*
N/a*||| ||||| ||Yes*
No*
N/a*||| ||||| ||Yes*
No*
N/a*||| ||||| ||Yes*
No*
N/a*||| ||||| ||Yes*
No*
N/a*||| ||||| ||Yes*
No*
N/a*||| ||||| ||Yes*
No*
N/a*||| ||||| ||Yes*
No*
N/a*||| ||||| ||Yes*
No*
N/a*||| ||||| ||||| ||£1,000||| ||Yes*
No*
N/a*||| ||||| ||Yes*
No*
N/a*||| ||||| ||Yes*
No*
N/a*||| ||||| ||Yes*
No*
N/a*||| ||||| ||Yes*
No*
N/a*||| ||||| ||Yes*
No*
N/a*||| ||||| ||Yes*
No*
N/a*||| ||||| ||Yes*
No*
N/a*||| ||||| ||Yes*
No*
N/a*||| ||||| ||Yes*
No*
N/a*||| ||||| ||Yes*
No*
N/a*||| ||||| ||Yes*
No*
N/a*||| ||||| ||Yes*
No*
N/a*||| ||||| 5 CC17a (Excel) 12/03/2021 ## **Section C Notes to the accounts (cont)** |**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**Total funds**
**Prior year**
**£**
**£**
Donations andgifts
69,475- -69,475 61,944
Gift Aid
17,619- -17,619 10,319
Legacies
14,715- - 14,715
General grants provided by government/other
charities
- - - -
Membership subscriptions and sponsorships
which are in substance donations
- - -
Donatedgoods,facilities and services
- - -
Other
- - - -
**Total** 101,809 - - 101,809 72,263
- - - - -
Vehicle "runningdays"
16,302- -16,302 2,847
- - - - -
Other
- - - - -
**Total** 16,302 - -16,302 2,847
- - - - -
Sale of surplus items and FoKAB branded
items
- - -
- - - - -
Other
- - - - -
**Total**
- - - - -
Interest income
14- -14 34
Dividend income
- - - - -
Rental and leasingincome
18,929- -18,929 10,918
Other
- - - - -
**Total** 18,943 - - 18,94310,952
- - - - -
- - - - -
- - - - -
- - - - -
**Total**
- - - - -
Conversion of endowment funds into income
- - - - -
Gain on disposal of a tangible fixed asset
held for charity's own use
- - - - -
Gain on disposal of a programme related
investment
- - - - -
Royalties from the exploitation of intellectual
propertyrights
- - - - -
Other
- - - - -
**Total**
- - - - -
137,054 - - 137,054 86,062
**Other information:**
**Note 3 Income**
**Analysis of income**
**Donations**
**and legacies:**
**TOTAL INCOME**
**Charitable**
**activities:**
**Separate**
**material item**
**of income**
**Other:**
**Income from**
**investments:**
**Other trading**
**activities:**|**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**Total funds**
**Prior year**
**£**
**£**
**Income**
**Analysis of income**|**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**Total funds**
**Prior year**
**£**
**£**
**Income**
**Analysis of income**|**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**Total funds**
**Prior year**
**£**
**£**
**Income**
**Analysis of income**|**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**Total funds**
**Prior year**
**£**
**£**
**Income**
**Analysis of income**|**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**Total funds**
**Prior year**
**£**
**£**
**Income**
**Analysis of income**|**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**Total funds**
**Prior year**
**£**
**£**
**Income**
**Analysis of income**| |---|---|---|---|---|---|---| ||Donations andgifts|69,475|-|-|69,475|61,944| ||Gift Aid|17,619|-|-|17,619|10,319| ||Legacies|14,715|-|-|14,715|| ||General grants provided by government/other
charities||-|-|-|-| ||Membership subscriptions and sponsorships
which are in substance donations||-|-|-|| ||Donatedgoods,facilities and services||-|-|-|| ||Other|-|-|-|-|| ||**Total**|101,809|-|-|101,809|72,263| |||||||| |||-|-|-|-|-| ||Vehicle "runningdays"|16,302|-|-|16,302|2,847| |||-|-|-|-|-| ||Other|-|-|-|-|-| ||**Total**|16,302|-|-|16,302|2,847| |||||||| |||-|-|-|-|-| ||Sale of surplus items and FoKAB branded
items||-|-|-|| |||-|-|-|-|-| ||Other|-|-|-|-|-| ||**Total**|-|-|-|-|-| |||||||| ||Interest income|14|-|-|14|34| ||Dividend income|-|-|-|-|-| ||Rental and leasingincome|18,929|-|-|18,929|10,918| ||Other|-|-|-|-|-| ||**Total**|18,943|-|-|18,943|10,952| |||||||| |||-|-|-|-|-| |||-|-|-|-|-| |||-|-|-|-|-| |||-|-|-|-|-| ||**Total**|-|-|-|-|-| |||||||| ||Conversion of endowment funds into income|-|-|-|-|-| ||Gain on disposal of a tangible fixed asset
held for charity's own use|-|-|-|-|-| ||Gain on disposal of a programme related
investment|-|-|-|-|-| ||Royalties from the exploitation of intellectual
propertyrights|-|-|-|-|-| ||Other|-|-|-|-|-| ||**Total**|-|-|-|-|-| |||||||| |||137,054|-|-|137,054|86,062| |||||||| 6 CC17a (Excel) 12/03/2021 **Section C Notes to the accounts (cont)** ## **Note 4 Donated goods, facilities and services** |**Use of property**
**Other**
**Seconded staff**||**This year**
**Last year**
**£**
**£**|**This year**
**Last year**
**£**
**£**| |---|---|---|---| |||-|-| ||||| |||-|-| |||-|-| ||||| |**Please provide details of the**
**accounting policy for the recognition**
**and valuation of donated goods,**
**facilities and services.**|All donated goods that are not fixed assets are accounted for at fair value unless it is impractical to
reliably measure the value of the donated items. In absence of any direct evidence of fair value of
donated goods, then a value is derived from the cost of the item to the donor or, in the case of
goods that are expected to be sold, the estimated resale value after deducting any anticipated costs
of sales. If it is impracticable to measure the fair value of goods donated for resale, or the costs of
valuation outweigh the benefits, the donated goods are recognised as income when sold, with an
equivalent amount being recognised as an expense.||| |**Please provide details of any**
**unfulfilled conditions and other**
**contingencies attaching to resources**
**from donated goods and services not**
**recognised in income.**
**Please give details of other forms of**
**other donated goods and services not**
**recognised in the accounts, eg**
**contribution of unpaid volunteers.**|||| ||Not applicable||| ||||| ||In accordance with the SORP and in recognition of the difficulties in placing monetary value on the
contribution from volunteers, the contribution of the volunteers is not included in the income of the
charity. The charity however depends on the support of its volunteers which is much appreciated.
The arrangements with volunteers are difficult to value precisely in monetary terms and have not
been recognised in the Statement of Financial Activities. The volunteers and the charity accept and
agree that no contract of employment is created by these arrangements.||| 7 CC17a (Excel) 12/03/2021 ## **Section C Notes to the accounts (cont)** ## **Note 5 Expenditure** |**Note 5 Expenditure**||||||||| |---|---|---|---|---|---|---|---|---| |**Analysis**
**Expenditure on raising funds:**|**Unrestricted**
**funds**
**Restricted**
**income funds**
**Endowment**
**funds**
**Total funds**
**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**Total funds**
**£**
**£**
**This year**
**Last year**|||||||| |Incurred seeking donations|-|-|-|-|-|-|-|-| |Incurred seeking legacies||-|-|-|-|-|-|-| |Incurred seeking grants|-|-|-|-|-|-|-|-| |Operating membership schemes and social
lotteries|-|-|-|-|-|-|-|-| |Staging fundraising events|3,490|-|-|3,490||-|-|-| |Fudraising agents|-|-|-|-|-|-|-|-| |Operating charity shops|-|-|-|-|-|-|-|-| |Operating a trading company undertaking
non-charitable trading activity|-|-|-|-|-|-|-|-| |
Advertising, marketing, direct mail and
publicity||-|-|-|-|-|-|-| |Start up costs incurred in generating new
source of future income|-|-|-|-|-|-|-|-| |Database development costs|-|-|-|-|-|-|-|-| |Other trading activities|-|-|-|-|-|-|-|-| |Investment management costs:|-|-|-|-|-|-|-|-| |Portfolio management costs|-|-|-|-|-|-|-|-| |Cost of obtaining investment advice|-|-|-|-|-|-|-|-| |Investment administration costs|-|-|-|-|-|-|-|-| |Intellectual property licencing costs|-|-|-|-|-|-|-|-| |Rent collection, property repairs and
maintenance charges||-|-|-|3,440|-|-|3,440| ||-|-|-|-|-|-|-|-| |**Total expenditure on raising funds**|3,490|-|-|3,490|3,440|-|-|3,440| |**Expenditure on charitable activities:**||||||||| |Bus restoration, accomodation and
maintenance|77,281|-|-|77,281|78,200|-|-|78,200| ||-|-|-|-|-|-|-|-| ||-|-|-|-|-|-|-|-| ||-|-|-|-|-|-|-|-| |**Total expenditure on charitable activities**|77,281|-|-|77,281|78,200|-|-|78,200| |**Separate material item of expense**||||||||| ||-|-|-|-|-|-|-|-| |Other running costs eg stationery costs|3,071|-|-|3,071|2,563|-|-|2,563| ||-|-|-|-|-|-|-|-| |**Total**|3,071|-|-|3,071|2,563|-|-|2,563| |**Other**||||||||| |Depreciation|5,000|-|-|5,000|-|-|-|-| ||-|-|-|-|-|-|-|-| ||-|-|-|-|-|-|-|-| ||-|-|-|-|-|-|-|-| |**Total other expenditure**
**TOTAL EXPENDITURE**|5,000|-|-|5,000|-|-|-|-| ||88,842|-|-|88,842|84,203|-|-|84,203| 8 CC17a (Excel) 12/03/2021 **Section C Notes to the accounts** ## **Note 6 Details of certain types of expenditure** ## **Note 10.1 Fees for examination of the accounts** _**Please provide details of the amount paid for any statutory external scrutiny of accounts and other services provided by your independent examiner. If nothing was paid please enter '0' in the appropriate box(es).**_ |**_Please provide details of the amount paid for any statutory external scrutiny of_**
**_accounts and other services provided by your independent examiner. If nothing_**
**_was paid please enter '0' in the appropriate box(es)._**||| |---|---|---| |**Tax advisory fees**
**Other fees (for example: financial advice, consultancy, accountancy services) paid**
**to the independent examiner**
**Independent examiner’s fees**
**Assurance services other than independent examination**|**This year**
**£**|**Last year**
**£**| ||-|-| ||-|-| ||-|-| ||510
|971| 9 CC17a (Excel) 12/03/2021 **Section C Notes to the accounts (cont)** ## **Note 7 Tangible fixed assets** _**Please complete this note if the charity has any tangible fixed assets**_ ## **14.1 Cost or valuation** |**14.1 Cost or valuation**|**n**||||| |---|---|---|---|---|---| |**Freehold land &**
**buildings**
**Other land &**
**buildings**
**Plant, machinery and**
**motor vehicles**
**Fixtures, fittings and**
**equipment**
**Total**
**£**
**£**
**£**
**£**
**£**
At the beginning of
the year
-
25,000 - 25,000
Additions
- - - - -
Revaluations
- - - - -
Disposals
- - - - -
Transfers *
- - - - -
At end of the year
- - 25,000 - 25,000
****Basis** SL or RB (Straight
Line or Reducing
Balance)
SL or RB
Straight Line Basis
SL or RB
SL or RB
**** Rate**
20%
At beginning of the
year
- - 15,000 - 15,000
Disposals
- - - - -
Depreciation
- - 5,000 - 5,000
Impairment
- - - - -
Transfers*
- - - - -
At end of the year
- - 20,000 - 20,000
Net book value at the
beginning of the year
- - 10,000 - 10,000
Net book value at the
end of the year
- - 5,000 - 5,000
**14.3 Net book value**
**14.2 Depreciation and impairments**|**Freehold land &**
**buildings**
**£**|**Other land &**
**buildings**
**£**|**Plant, machinery and**
**motor vehicles**
**£**|**Fixtures, fittings and**
**equipment**
**£**|**Total**
**£**| ||-||25,000|-|25,000| ||-|-|-|-|-| ||-|-|-|-|-| ||-|-|-|-|-| ||-|-|-|-|-| ||-|-|25,000|-|25,000| ||SL or RB (Straight
Line or Reducing
Balance)|SL or RB|Straight Line Basis|SL or RB|SL or RB| ||||20%||| ||||||| ||-|-|15,000|-|15,000| ||-|-|-|-|-| ||-|-|5,000|-|5,000| ||-|-|-|-|-| ||-|-|-|-|-| ||-|-|20,000|-|20,000| ||||||| ||-|-|10,000|-|10,000| ||-|-|5,000|-|5,000| ## **14.4 Impairment** ## **Not applicable** _**This year: Please provide a description of the events and circumstances that led to the recognition or reversal of an impairment loss.**_ 10 CC17a (Excel) 12/03/2021 **Not applicable** _**Last year: Please provide a description of the events and circumstances that led to the recognition or reversal of an impairment loss.**_ 11 CC17a (Excel) 12/03/2021 ## **Section C Notes to the accounts (cont)** ## **Note 8 Heritage assets** _**Please complete this note if the charity has heritage assets**_ ## **16.1 General disclosures for all charities holding heritage assets** |**(i) Explain the nature and scale of**
**heritage assets held.**
**(ii) Explain the policy for the**
**acquisition, preservation,**
**management and disposal of heritage**
**assets.**
At beginning of the year
Additions
Disposals
Revaluations
Transfers *
At end of the year
****Basis**
**** Rate**
At beginning of the year
Disposals
Depreciation
Impairment
Transfers*
At end of year
Net book value at the beginning of the
year
Net book value at the end of the year
**16.2 Cost or valuation**
**16.3 Depreciation and impairments**
**16.4 Net book value**|This class of assets contains 17 vintage buses, coaches and one car that are owned by the
charity. The assets are reviewed annually for impairment. Any gain or loss on the
revaluation will be recognised in the SOFA.|This class of assets contains 17 vintage buses, coaches and one car that are owned by the
charity. The assets are reviewed annually for impairment. Any gain or loss on the
revaluation will be recognised in the SOFA.|This class of assets contains 17 vintage buses, coaches and one car that are owned by the
charity. The assets are reviewed annually for impairment. Any gain or loss on the
revaluation will be recognised in the SOFA.|This class of assets contains 17 vintage buses, coaches and one car that are owned by the
charity. The assets are reviewed annually for impairment. Any gain or loss on the
revaluation will be recognised in the SOFA.|This class of assets contains 17 vintage buses, coaches and one car that are owned by the
charity. The assets are reviewed annually for impairment. Any gain or loss on the
revaluation will be recognised in the SOFA.|This class of assets contains 17 vintage buses, coaches and one car that are owned by the
charity. The assets are reviewed annually for impairment. Any gain or loss on the
revaluation will be recognised in the SOFA.| |---|---|---|---|---|---|---| ||
The main aims of the entity are to advance the education of the public by increasing
knowledge and interest in all aspects of transport, heritage, vehicles and artefacts of bus and
coach operations by R. Chisnell & Sons Ltd (who traded as King Alfred Motor Services) and
other operators local to the City of Winchester and surrounding areas. Therefore the entity
seeks to acquire and preserve its fleet of vintage buses. The charity volunteers to do most of
the restoration and maintenance of the fleet of vehicles although some tasks need to be
contracted out.|||||| ||**Buses**
**Heritage asset**
**2**
**Heritage asset**
**3**
**Heritage asset**
**4**
**Total**
**£**
**£**
**£**
**£**
**£**
146,000 - - - 146,000
- - - - -
- - - - -
- - - - -
- - - - -
146,000 - - - 146,000|||||| ||Not applicable|||||Straight Line
("SL") or
Reducing
Balance| ||Not applicable|||||| ||- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
146,000 - - - 146,000
146,000 - - - 146,000|||||| ||146,000|-|-|-|146,000|| ||146,000|-|-|-|146,000|| ## **16.5 Impairment** ## **This year** _**Please provide a description of the events and circumstances that**_ The fleet is reviewed annually for insurance purposes. It is _**led to the recognition or reversal of an impairment loss.**_ recognised that conventional valuation processes are not applicable to these vehicles due to their unique status. The trustees base their valuation on the initial cost to purchase the vehicles and the subsequent maintenance and major overhauls that are undertaken to improve the condition of the fleet. ## **Last year** _**Please provide a description of the events and circumstances that**_ Not applicable _**led to the recognition or reversal of an impairment loss.**_ ## **16.6 Revaluation** _**If an accounting policy of revaluation is adopted, please provide:**_ _**the effective date of the revaluation the name of independent valuer, if applicable qualifications of independent valuer the methods applied and significant assumptions any significant limitations on the valuation**_ |**This year**|**Last year**| |---|---| |**31.05.2022**|**31.05.2021**| |**The trustees**|**The trustees**| ||| ||| ||| ## **16.7 Analysis of heritage assets by class or group distinguishing those at cost and those at valuation** |Carrying amount at the beginning of the
period
Additions
Disposals
Depreciation/impairment
Revaluation
Carrying amount at the end of period|**At valuation**
**Group A**
**£**|**£**|**Total**
**£**| |---|---|---|---| ||146,000|-|146,000| ||-|-|-| ||-|-|-| ||-|-|-| ||-|-|-| ||146,000|-|146,000| ## **16.8 Heritage assets (where heritage assets are not recoignised on the balance sheet)** |**(i) Explain the reason why heritage**
**assets have not been recognised on**
**the balance sheet.**
**(ii) Describe the significance and**
**nature of heritage assets.**
**(iii) Disclose information that is**
**helpful in assessing the value of**
**heritage assets.**
**(iv) Explain the reason why it is not**
**practicable to obtain a valuation of**
**heritage assets.**|**This year**|**Last year**| |---|---|---| ||Not applicable|Not applicable| ||Not applicable|Not applicable| ||Not applicable|Not applicable| ||Not applicable|Not applicable| 12 CC17a (Excel) 12/03/2021 **Section C Notes to the accounts (cont)** ## **Note 9 Debtors and prepayments** ## _**Please complete this note if the charity has any debtors or prepayments.**_ ## **19.1 Analysis of debtors** |**19.1 Analysis of debtors**||| |---|---|---| |**Total**
**Trade debtors**
**Prepayments and accrued income**
**Other debtors**|**This year**
**£**|**Last year**
**£**| ||-|-| |||-| ||5,000.0|5,000.0| ||5,000.0|5,000.0| ## _**Complete 19.2 where a material debtor is recoverable more than a year after the reporting date.**_ ## **19.2 Disclosure of debtors recoverable in more than 1 year (included in debtors above)** |**Total**
**Trade debtors**
**Prepayments and accrued income**
**Other debtors**|**This year**
**£**|**Last year**
**£**| |---|---|---| ||-|-| ||-|-| ||-|-| ||-|-| 13 CC17a (Excel) 12/03/2021 **Section C Notes to the accounts (cont)** ## **Note 10 Creditors and accruals** ## _**Please complete this note if the charity has any creditors or accruals.**_ ## **20.1 Analysis of creditors** |**cts**
**Total**|**Amounts falling due**
**within one year**|**Amounts falling due**
**within one year**|**Amounts falling due after**
**more than one year**|**Amounts falling due after**
**more than one year**| |---|---|---|---|---| ||**This year**
**£**|**10048**
**£**|**This year**
**£**|**Last year**
**£**| ||-|-|-|-| ||-|-|-|-| ||||-|-| ||-|-|-|-| ||520|520|520|520| ||-|-|-|-| ||-|-|-|-| ||520|520|520|520| **Accruals for grants payable Bank loans and overdrafts Trade creditors** **Payments received on account for contracts or performance-related grants Accruals and deferred income Taxation and social security Other creditors** ## **20.2 Deferred income** _**Please complete this note if the charity has deferred income.**_ _**Please explain the reasons why income is deferred.**_ **This year Last year** |**_Movement in deferred income account_**
**Balance at the start of the reporting period**
**Amounts added in current period**
**Amounts released to income from previous periods**
**Balance at the end of the reporting period**|**This year**
**£**|**Last year**
**£**| |---|---|---| ||-|-| ||-|-| ||-|-| ||-|-| 14 CC17a (Excel) 12/03/2021 **Section C Notes to the accounts (cont)** **Note 11 Cash at bank and in hand** |**Note 11 Cash at bank and in hand**||| |---|---|---| |**Other**
**Short term deposits**
**Cash at bank and on hand**
**Total**
**Short term cash investments (less than 3 months maturity date)**|**This year**
**£**|**Last year**
**£**| ||-|-| ||-|-| ||171,639|118,427| ||-|-| ||171,639|118,427| 15 CC17a (Excel) 12/03/2021 **Section C Notes to the accounts (cont)** ## **Note 12 Events after the end of the reporting period** _**Please complete this note events (not requiring adjustment to the accounts) have occurred after the end of the reporting period but before the accounts are authorised which relate to conditions that arose after the end of the reporting period.**_ **----- Start of picture text -----**
This year
Please provide details of the nature of the
event
Provide an estimate of the financial effect
of the event or a statement that such an
estimate cannot be made
**----- End of picture text -----**
16 CC17a (Excel) 12/03/2021 ## **Section C Notes to the accounts (cont)** ## **Note 13 Transactions with trustees and related parties** _**If the charity has any transactions with related parties (other than the trustee expenses explained in guidance notes) details of such transactions should be provided in this note. If there are no transactions to report, please enter “True” in the box or "False" if there are transactions to report.**_ ## **28.1 Trustee remuneration and benefits** ## **This year** **None of the trustees have been paid any remuneration or received any other benefits from an employment with their charity or a related entity (True or False)** **TRUE** ## **Last year** **None of the trustees have been paid any remuneration or received any other benefits from an employment with their charity or a related entity (True or False)** **TRUE** ## **28.2 Trustees' expenses** _**If the charity has paid trustees expenses for fulfilling their duties, details of such transactions should be provided in this note. If there are no transactions to report, please enter “True” in the box below. If there are transactions to report, please enter "False".**_ **No trustee expenses have been incurred (True or False)** _**TRUE**_ ## **28.3 Transaction(s) with related parties** _**Please give details of any transaction undertaken by (or on behalf of) the charity in which a related party has a material interest, including where funds have been held as agent for related parties. If there are no such transactions, please enter 'true' in the box provided.**_ ## **This year** **There have been no related party transactions in the reporting period (True or False)** _**TRUE**_ ## **Last year** **There have been no related party transactions in the reporting period (True or False)** _**TRUE**_ 17 CC17a (Excel) 12/03/2021 ## **Independent�examiner�s�report� on�the�accounts�** ## **�����������Section�A������������������������Independent�Examiner’s�Report�** **Report�to�the�** Charity�Name� **trustees/directors/�** Friends�of�King�Alfred�Buses� **members�of� On�accounts�for�the�year�** 31[st] �May�2022� **ended� Charity�no.:** 1175535 Company�no.:� 11031147 **Set�out�on�pages�** 1�-�2� (remember��to�include�the�page�numbers�of�additional�sheets) I�report�to�the�charity�trustees�on�my�examination�of�the�accounts�of�the� Company�for�the�year�ended� **31[st] �May�2022. Responsibilities�and�** As�the�charity’s�trustees�of�the�Company�(who�are�also�the�directors�of�the� **basis�of�report�** company�for�the�purposes�of�company�law),�you�are�responsible�for�the� preparation�of�the�accounts�in�accordance�with�the�requirements�of�the� Companies�Act�2006�(“the�2006�Act”).�� Having�satisfied�myself�that�the�accounts�of�the�Company�are�not�required� to�be�audited�for�this�year�under�Part�16�of�the�2006�Act�and�are�eligible�for� independent�examination,�I�report�in�respect�of�my�examination�of�your� charity’s�accounts�as�carried�out�under�section�145�of�the�Charities�Act�2011� (“the�2011�Act”).��In�carrying�out�my�examination,�I�have�followed�the� Directions�given�by�the�Charity�Commission�(under�section�145(5)(b)�of�the� 2011�Act.� |**Independent**|| |---|---| |**examiner�sstatement**|Ihavecompletedmyexamination.Iconfirmthatnomaterialmattershave| ||cometomyattention(~~otherthanthatdisclosedbelow~~
*)whichgivesme| ||causetobelievethat:| ||•accountingrecordswerenotkeptinaccordancewithsection386ofthe| ||CompaniesAct2006;or| ||•theaccountsdonotaccordwithsuchrecords;or| ||•theaccountsdonotcomplywithrelevantaccountingrequirementsunder| ||section396oftheCompaniesAct2006otherthananyrequirementthatthe| ||accountsgivea‘trueandfair’viewwhichisnotamatterconsideredaspart| ||ofanindependentexamination;or| ||•theaccountshavenotbeenpreparedinaccordancewiththeCharities| ||SORP(FRS102).| **October�2018��** 1 **IER�** I�have�no�concerns�and�have�come�across�no�other�matters�in�connection� with�the�examination�to�which�attention�should�be�drawn�in�this�report�in� order�to�enable�a�proper�understanding�of�the�accounts�to�be�reached.� *� _Please�delete�the�words�in�the�brackets�if�they�do�not�apply.�_ **Date:** 21/03/2023� **Signed:� Name:�** Anthony�Michael�Dobson� **Relevant�professional� qualification(s)�or�body� (if�any):�** **Address:�** 4�Thornbury�Wood,�Chandler’s�Ford,�Eastleigh,�SO53�5DQ� ## **Section�B���������������������������Disclosure��** Only�complete�if�the�examiner�needs�to�highlight�material�matters�of�concern� (see�CC32,�Independent�examination�of�charity�accounts:�directions�and� guidance�for�examiners).�� **Give�here�brief�details�of� any�items�that�the� examiner�wishes�to� disclose** .� **October�2018��** 2 **IER�**