## ## ## ## ## ## ## ## ## |||||Running
Days make a significant contribution|to| |---|---|---|---|---|---| |Summary
ofthe main
achievements
ofthe charity,
identifying
the difference the
charity's work has made to||||FoKA8 funds, mainly through the sale of
programmes,
the income from rents on sales
stalls and sundry donations.
Running
Days are
also the principal
means by which the Charity|| |the circumstances|||ofits|fulfils its charitable objective.|| |beneficiaries
and any wider
benefits to society asa
whole.||||A major achievement
during the reporting
year was the acquisition
ofa 1929-built
I eyland
Lion. This vehicle had not been|| |||||known to us previously
but was offered to|us| |||||forsale, an offer we readily took up (using|| |||||funds donated forthat purpose)
Itwas a|| |||||major attraction at the May 2023 Running|| |||||Day where
it gave rides around the city. As a|| |||||bus from the 1920s itenhances
our ability|to| |||||teII the story ofthe early/pre-war
years of|| |||||King Alfred Motor Services.|| |||||The centenary ofthe first bus operations of|| |||||King Alfred Moror Services and the half|| |||||centenary ofthe demise of King Alfred Motor|| |||||Services also fell during the reporting year|| |||||and both events were duly marked.|| |||||2022/2023 also saw two major restoration|| |||||projects under way most ofthe costs for|| |||||which were covered by donations. Those|| |||||projects were completed
in the 2023/2024|| |||||year but those buses are now in working|| |||||order and in a position to be presented
to|the| |||||public and give rides|| |Statement|Statement|Statement|explaining|explaining||the||Para 1.22|The nature ofthe charity's activities
in restoring| |---|---|---|---|---|---|---|---|---|---| |policy for holding reserves|||||||||and maintaining
a collection of17[19&]historic| |stating|why|||they are|held||||motor vehicles requires a significant
sum
"in| ||||||||||hand' against contingencies
such as major| ||||||||||component
overhaul or replacement.
Against| ||||||||||this background,
the charity*s investment
5.| ||||||||||Reserves Policy specifies that at least f15kwill| ||||||||||be held in current account tunrestricted
funds),| ||||||||||representing
a typical six months'
outgoings. The| ||||||||||current account typically
holds around f20,000| ||||||||||plus f10,000at Natlest].| ||||||||||Beyond that, an uncapped
amount was held in a| ||||||||||deposit account, raised predominantly
from| ||||||||||legacies and donations,
primarily for the| ||||||||||purpose ofeventual
acquisition
ofpermanent| ||||||||||premises. vvhilst future policy wili focus on| ||||||||||continuing to build financial resources
in| ||||||||||readiness for property acquisition
aimed at| ||||||||||seruring the charity's
long-term
future,
in the| ||||||||||short term it is not going to be needed and,| ||||||||||accordingly, f100,000has been invested
with a| ||||||||||reputable
fund manager
in medium
risk| ||||||||||investments.| |Amount||ofreserves|||heid|||Para 1.22|| |Reasons||for holding|||zero|||Para 1.22|N/A| |reserves|||||||||| |Details|offund materially||||||in|Para 1.24|N/A| |deficit|||||||||| |Explanation||||ofany||||Para 1.23|None. The charity has suNcient
reserves| |uncertainties||||about the|||||and support ofthe members to be| |charity
concern|continuing as|||||a going|||considered
a going concern.| |dditiona|l||information|||(optional)|||| |ou ma||choose to include|||||further statements||where relevant about:| ||||||||||Main sources offunding are donations
from| |The charity's||||principal||||Para 1.47|supporters,
from membership
fees, from| |sources||of|funds (including||||||legacies, and from sales and stall income| |any fundraising)|||||||||associated
with the Running
l3ay and other| ||||||||||events.| ## |A description ofthe principal|Para 146|| |---|---|---| |risks facing the charity||| |||The principai
risk affecting FOKA8 isthe| |||ahsence ofsecurity oftenure
in relation to| |||the various premises where the buses are| |||stored. Further, as noted in previous years,| |||even where the landiord
is happy for the| |||Charity to remain
in occupation there isthe| |||risk ofa demand
for an increased rent.| |||Accordingly, the trustees continue to look for| |||aiternative
sources offunds and to pursue| |||the long-term
objective ofowning our own| |||accommodation.| ## |Description
ofcharity's|||| |---|---|---|---| |trusts:|||| |Type of governing
document:||Memorandum
5Articles of|Association| |for example,
:-;„::-~;-e.-.:,',||(incorporated
at Companies|House on 25th| |||October 2017).|| |How isthe charity|Para 1.25|Charitable
Company
Limited|by Guarantee| |constituted'||(CLG) with 200members.|| |Trustee selection methods||Trustees are appointed
or reappointed
by|| |including
details ofany||election by the members of|the CLG atthe| |constitutional
provisions e.g.
election to post or name of
any person or body entitled||Annual
General Meeting held in September
or October each year, in accordance with
the artirloc nf r)nnristinn
The nrinriraia|| |to appoint one ormore|adopted|isthat each year one third ofthe| |---|---|---| |trustees|Trustees|shall retire but may stand for re-| ||election.|| ## ## |||||Trustees are appointed
or reappointed
by| |---|---|---|---|---| |||||election by the members ofthe CLG at the| |Policies|and procedures||Para 1.51|Annual
General Meeting traditionally
held in
October each year but for the last few years| |adopted
training|for ttle Induction
oftrustees|and||held remotely
by Zoom in September,
in
accordance with the Articles ofAssociation.| |||||The principle adopted
isthat each year one| |||||third ofthe Trustees shall retire but may| |||||stand for re-election.| |||||FoKAB isa member ofCommunity
First| |---|---|---|---|---| |||||Havant S.East Hampshire
(CFHEH} enabling| |The charity's||organisational|Para 1.51|Trustees to attend courses explaining the
responsibilities
ofa registered
charity and| |structure and
network
with
charity works||any wklcf
which the||their role in its management.
FoKAB is also a
member ofthe National Association ofRoad| |||||Transport
Museums
(NARTM} which| |||||provides
useful advice and the opportunity| |||||to exchange ideas on 'best practice' with| |||||other organisations
with similar aims.| |||||Membership
is also maintained
ofindividual| |||||'marque'
clubs (e.g.for Albion, Dennis,| |||||Leyland vehicles} who are able to assist| |||||restoration,
especially
in sourcing rare skills| |||||or replacement
parts.| |||||An informal
and cordial relationship
isalso| |||||maintained
with bodies such as Winchester| |||||City Council and Winchester
Discovery| |||||Centre, including
attendance
by historic| |||||vehicles at appropriate
events and other| |||||participation
in heritage activities.| |||||The Trustees see that appropriate| |||||insurances
are in place to cover motoring| |||||risks, asset values and public liability.
A| |||||Health g Safety sub-committee
meets when| |||||required
and provides advice to rninimise| |||||risks to volunteer
workers and the wider| |||||public.| |||||All trustees give their time on an entirely| |||||voluntary
basis and receive no remuneration| |||||or other benefits.| ## ## ## ## |~
4||||e||||~|e|~|e|~| |---|---|---|---|---|---|---|---|---|---|---|---|---| |I
I||||||||||||| ||||||ro|||||||| ||||||O|||||||| ||||||Z.eo||Restricted|||||| |Recommended
categories|||by activity||al|Unrestricted
funds|income
funds||Endowment
funds|Total funds|Prior year
funds|| |Income (Note 3)||||||F01|F02||F03|F04||F05| |Income and endowments||from:||||||||||| |Donations and legacies|||||S01|144,390||||144,390||101,809| |Charitable
activities
Other trading
activities|||||S02
S03|19,818
20,115||||19,818
20,115||16,302
18,929| |Investments|||||S04|269||||||| |Separate material
item of income|||||S05|||||||| |Other|||||S06|||||||| |Total|||||S07|184,592||||184592||137054| |Expenditure
{Notes6)|||||I|||||||| |Expenditure
on:||||||||||||| |Raising funds|||||S08|8,401||||8,401||4,203| |Charitable
activities|||||S09|108,453||||108,453||| |Separate material expense|item||||S10|2,508||||2,508||| |Other|||||S11|5,000||||5,000||5,000| |Total|||||S12|124,362||||124,362||88,842| |Net income/(expenditure)||||before tax for||||||||| |the reporting
period|||||S13|6Q,230||||60,230||48,212| |Tax payable|||||S14|||||||| |Net income/(expenditure)||||after tax||||||||| |before investment|gains/{fosses)||||S15|60,230||||60,230||48,212| |Net gains/(losses)
on||||||||||||| |investments|||||S16|||||||| |Net income/(expenditure)|||||S17|60,230||||60,230||48,212| |Extraordinary
items|||||S18|||||||| |Transfers
between|funds||||S19|||||||| |Other recognised|gains/(losses):|||||||||||| |Gains and losses on revaluation||offixed assets for the||||||||||| |charity's
own use|||||S20|||||||| |Other gains/(losses)|||||S21|||||||| |Net movement in funds|||||S22|60,230||||60,230||48,212| |Reconciliation
of||||||||||||| |funds:||||||||||||| |Total funds brought
forward|||||S23|332,119||||332,119|283,907|| |Total funds carried|fort/ffard||||$24|392,349||||392,349|332,119|| |~
s||||||||| |---|---|---|---|---|---|---|---|---| ||||s0|||||| ||||eOeeo|Unrestricted|Restricted
income|Endowment|Total this|Total last| ||||40|funds|funds|funds|year|year| |||||8|8||2|2| |Fixed assets||||F01|F02|F03|F04|F05| |intangible assets||(Note 15)|801|||||| |Tangible assets||(Note 14)|802|5,000|||5,000|10,000| |Heritage assets||(Note 16)|803|191,000|||191,000|146,000| |Investments||(Note 17)|804|||||| |||Total fixed assets|805|196,000|||196,000|'I56,000| |Current assets||||||||| |Stocks||(Note 18)|806|||||| |Debtors||(Note 19)|807|5,0OO|||5,000|5,000| |Investments||(Note 17.4)|808|100,000|||100,000|| |Cash at bank and|in|hand
(Note 24)|800|91,869|||91,869|171,639| |||Total current assets|810|196,869|||196,869|176,639| |Creditors: amounts||falling due within||||||| |one year
(Note 20)|||811|520|||520|520| |Net current assetsl(habilities)|||812|196,349|||196,349|176,119| |Total assets|less current liabilities||813|392,349|||392,349|332,119| |Creditors: amounts||falling due after||||||| |one year|(Note 20)||814|||||| |Provisions for iisbilities|||815|||||| |Total net assets orliabilities|||816|392,349|||392,349|332,119| |Funds ofthe Charity||||||||| |Endowment
funds|(Note 27)||817|||||| |Restricted income|funds (Note 27)||818|||||| |Unrestricted
funds|||819|392,349|||392,349|332,119| |Revaluation
reserve|||820|||||| |Fair value reserve|||821|||||| |||Total funds|822|392,349|||392,349|332,119| |e small companies
regime and in|e small companies
regime and in|accordance
wifh FRS702S|ORp.||| |---|---|---|---|---|---| |Signed by one or twc trustees/directors
trustees/directors||on behalf of ail the|Print|Name|Date of
approval| ||||||dd/mm/| ||||SG|Bigley|14/11/ZOZ3| |Signature ofdirector authenticating|accounts being sent to||Si|ature|Date
dd/mm/yyyy| |Companies
House|||SGBi ley||14/1 1/2023| ||||||Print name| |||||||||||||~||~|~||||||| |---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---| |Note 3||||||Income|||||||||||||||| ||||||||||||||||||Restricted||||| ||||||||Analysis of||||income|||||unrestricted
funds|income
funds|Endowment
funds|Total funds|Prior ye'ar|| ||||||||||||||||||||2|2|| |Donations|||Donations|||and||ifts||||||||104,580|||104,580|69|475| |and legacies:|||Gift Aid|||||||||||||29,230|||29,230|17|619| ||||Le acies|||||||||||||3,000|||3,000|14,715|| ||||General|grants provided||||||by government/other|||||||||||| ||||charities||||||||||||||||||| ||||Membership||||subscriptions|||||and sponsorships|||||||||| ||||which are|||in|substance|||donations|||||||||||| |||||||||||||||||7,580|||7,580||| ||||Donated||goods,|||facilities|||and||services||||||||| ||||Other||||||||||||||||||| ||||||||||||||||Total|144,390|||144,390|101,809|| |Charitable|||||||||||||||||||||| |activities:|||||||||||||||||||||| ||||Vehicle|runnin
da|||||s|||||||14,956|||'14,956|16,302|| ||||Other||||||||||||||||||| ||||||||||||||||Total|14,956|||14,956|16|302| |Other trading|||Sale of surplus items and||||||||FoKAS|||branded|||||||| |activities:|||items|||||||||||||4,862|||4,862||| ||||Other||||||||||||||||||| ||||||||||||||||Total|4,862|||||| |Income from|||Interest|income|||||||||||||||269||14| |investments;|||Dividend|||income|||||||||||||||| ||||Rental and leasi||||||income|||||||20,115|||20,115|18,929|| ||||Other||||||||||||||||||| ||||||||||||||||Total|20,384|||20,384|18,943|| |Separate|||||||||||||||||||||| |material|item||||||||||||||||||||| |ofincome|||||||||||||||||||||| ||||||||||||||||Total||||||| |Other:|||Conversion||||of endowment|||||funds||into income|||||||| ||||Gain on|disposal||||ofa tangible|||||fixed asset||||||||| ||||held for|charity's||||own use|||||||||||||| ||||Gain on|disposal||||ofa programme||||||related|||||||| ||||investment||||||||||||||||||| ||||Royalties|||from the exploitation|||||||of|intellectual|||||||| ||||property||rights||||||||||||||||| ||||Other||||||||||||||||||| ||||||||||||||||Totai||||||| |TOTAL INCOME||||||||||||||||184,592|||184,592|137,054|| |Other information:|||||||||||||||||||||| |All income||in the prior year was||||||unrestricted||||except for:|||||||||| |(please provide|||description||||and|amounts)|||||||||||||| |Where any||endowment||fund|||is converted||||into||income in the||||||||| |reporting|period, please|||give the||||reason||for the conversion.|||||||||||| |Where any||endowment||fund|||is converted||||into||income in the||||||||| |prior period, please give|||||the reason||||for|the||conversion.|||||||||| |||~
~||~||||||||||||||||| |---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---| |Note 5|Oonated goods, facilities|||and services||||||||||||||||| ||||||||||||||||This year||||Last year|| ||||||||||||||||||||2|| |Seconded staff||||||||||||||||||||| |Use of property||||||||||||||||||||| |Other||||||||||||||||||||| |Please provide details ofthe
accounting
policy for the recognition
and valuation
ofdonated 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
In absence of any direct evidence of fair value of donated goods, then a value is derived from the cost of the item to
goods that are expected to be sold, the estimated
resale value after deducting
any anticipated
costs ofsales.
If it is
value ofgoods donated for resale, or the costs ofvaluation
outweigh
the benefits, the donated goods are recognised
equivalent
amount
being recognised as an expense.||||||||||||||the value of the donated
items.
the donor or, in the case of
impracticable
Io measure the fair
as income vihen sold, with an||||| |Please provide details|of any|||||||||||||||||||| |unfulfilled
conditions|and other|||||||||||||||||||| |contingencies
attaching
to resources||||||||||||||||||||| |from donated goods and services not||||||||||||||||||||| |recognised
in income.||||||||||||||||||||| |||Not a
licable||||||||||||||||||| |Please give details of|other forms of|In accordance||with the SQRP|and in recognition|of the difficulties||in placing|monetary|||value||on the contribution
from||volunteers,||the contribution||of| |other donated goods and services||the volunteers||is not included|in the income ofthe charity.||The charity however|||depends|||on|the support of its volunteers|||which is much appreciated.|||| |not recognised
in the|accounts, eg|The arrangements
with volunteers
are difficult to||||value precisely||in monetary|terms and||||have|not been|recognised
in|the|Statement||of Financial|| |contribution
ofunpaid|volunteers.|Activities.|The|volunteers
and|the charity accept|and agree that||no contract|of|employment||||is created|by these arrangements.|||||| |Note 6|Expenditure|Expenditure|Expenditure|Expenditure|Expenditure||||||||| |---|---|---|---|---|---|---|---|---|---|---|---|---|---| ||||||||This|year|||Last|year|| ||||||||Restricted||||Restricted||| |||||||Unrestricted|income|Endowment||Unrestricted|income|Endowment|| |Analysis||||||funds|funds|funds|Total funds|funds|funds|funds|Total funds| |Expenditure
on raising|funds:||||||||||||| |Incurred seeking donations|||||||||||||| |Incurred seeking legacies|||||||||||||| |Incurred seeking grants|||||||||||||| |Operating
membership|schemes|||and|social||||||||| |lotteries|||||||||||||| |Staging fundraising
events
Fudraising
agents||||||8,401|||8,401|3,490|||3,490| |Operating
charity shops|||||||||||||| |Operating
a trading
company||undertaking|||||||||||| |non-charitable
tradin
activi|||||||||||||| |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|||||||||||||| |Total expenditure
on raising||funds||||8,401|||8,401|3,490|||3,490| |Expenditure
on charitable activities:|||||||||||||| |Bus restoration,
accomodation|||and||||||||||| |maintenance|||||||||||||| |||||||108,453|||108,453|77,281|||77,281| |Total expenditure
on charitable||||activities||108,453|||108,453|77,281|||77,281| |Separate material
item|ofexpense||||||||||||| |Other running
costs eg|stationary||||||||2,508|3,071|||3,071| |Total||||||2,508|||2,508||||3,071| |Dther|||||||||||||| |De reciation||||||5,000|||5,000|5,000|||5,000| |Total other expenditure|||||||||5,000|5,000|||5,000| |TOTAL EXPENDITURE||||||124,362|||124,362|88,842|||88,842| ## |This|year|Last|year| |---|---|---|---| ||600||510| |||||Freehold|land &|Other land &|Plant, machinery|and|Fixtures, fittings and|Total| |---|---|---|---|---|---|---|---|---|---|---| |||||buildings||buildings|motor vehicles||equipment|| |At the beginning||of|||||25,000|||25,000| |the year||||||||||| |Additions||||||||||| |Revaluations||||||||||| |Disposals||||||||||| |Transfers *||||||||||| |At end of the|year||||||25,000|||25,000| |14.2 Depreciation|||and|impairments||||||| ||**Basis|||SLor RB|(Straight|SLor RB|SL||SLor RB|SLor RB| |||||Line or Reducing||||||| |||||Balance)||||||| |||*"Rate|||||20%|||| |At beginning|of the||||||20,000|||20,000| |year||||||||||| |Disposals||||||||||| |Depreciation|||||||5,000|||5,000| |Impairment||||||||||| |Transfers*||||||||||| |At end of the|year||||||25,000|||25,000| |14.3Net book||value||||||||| |Net book value||at the|||||5,000|||5,000| |beginning
of|the year|||||||||| |Net book value||at the||||||||| |end of the year||||||||||| ## ## ## ||||This year|Last year| |---|---|---|---|---| |Trade debtors||||| |Prepayments|and accrued income|||| |Other debtors|||5,000.0|5,000.0| |||Total|5,000.0|5,000.0| ## ## |ed
in|debtor|s abov|e)|| |---|---|---|---|---| ||This|year|Last|year| |Total||||| ## ## |Note|24
Cash at bank and|in hand||||| |---|---|---|---|---|---|---| ||||||This year|Last year| |Short|term cash investments|{lessthan 3months|maturity|date}||| |Short|term deposits|||||| |Cash|at bank and on hand||||91,869|171„639| |Other|||||100,000|| |Total|||||191,869|171,639| |||This year|Last year| |---|---|---|---| |Please provide details ofthe nature ofthe|||| |event|||| |Provide an estimate ofthe|financial effect||| |ofthe event or astatement|thai such an||| |estimate cannot be made|||| ## ##