OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2025-05-31-accounts

CHARITY COMMISSION FOR ENGLAND AND WALES Trustees, annual report (includino Directors, report) for the period From: 0110612024 To: 3110512025 Charity name: Friends of King Alfred Buses Charity registration number: 1175535 Company number: 11031147 Objectives and activities SORP reference Summary ofthe purposes of the Charty as sel out in its goveming document Para 1.17 In accordance with clause 5.1 of the charity's Articles of Association Constitution 'To purchage. maint8in, restore and preseTve forthe benetr( of the public. vehicles, artefacts. archive material and other items which pertain to and reflect the tr8nsport herrtage and character of R. Chisnell & Sons Ltd (va King Alfred Motor Se￿ICe5} and other bus and coach operations in the City of Wincnester and the surrounding areas.. Summary of the main activities in relation to those purposes for the public benefit, in particular, the activities, projects or services identified in the accounts Pwa 1.17 artra 1.19 In planning acttvities for the year land for the longer term) the Trustees have at all times been mindful ofthe Charity Commission's guidance on public benefit. In practical terms. this has in the past taken the form of attendance by FoKAB-ownea historic vehicles at numerous heritage-related events at various venues in southern England. where in mostcases members of the public have hall the opportunityto travel on a variety of FoKAB-owned vehlcles. Lookingto the future. ancl as has been noted in previous yéars, the Trustees remain

conscious ofthe need to seek a more suitable base for the collection. The 16 roadworthyvehicles in FOKAB'S stewardship are now stored atthree different Ioc8tions (plus two awayfor long term restoration). none of those sites having longterm security of tenure nor being suitsble for acc89s by tha general public. Attention continues to focus on this area, although wtth the high property prices and planning restrictions associated ¥Yith the Winchester area no suitable long term opportunities were identified duringthe reporting year. The need for this focus is highlighted bythe tactthatforone ofthe properties wherethe leasewas comingto an end in 2025, we were shocked to learn that the landlord was not interested in renewing it. Fortunately, we have been able to find alternative storage sp2¢e 2nd an immediate crisis has been averted butfurthereffort is required to replicate the workshop facilities w@ had in the premises now being vacaied Statement confiming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit Para 1.18 The trustees have regard to the guidance issued bythe Charitycommission on public benefit at all times. Additional Infonnatlon (optional) You ma choose to include further statements where relevant about.. SORP refefèneè , The contribution made byvolunteers is critical to FOKAB'S ongoing success. All operational and a(Jministrative tasks are Carried out entirely by unpaid volunteer8 dr2wnfromthe membership, 28 is the great majority of engineering and restoration activity. Without such enthusiastic supporr. Fow would simply be unable to Gontinue its pregent level of achievement. Corrtribution made by volunteers Para 1.38

Achievements and perfonnance Running Days make a significant contribLrtion to FOKAB funds, mainly through the gale of programmes, the incomefrom rents on sales stalls and sundry Oonations. Running Days are also the principal means by which the Chartty fulfils its charitable objective. The Running Day held in May2025 produced a profit of about £8000. It is worth notinE also that in addition to about 12,000 passen8erjoumeys around 80 members of FOKAB were involved in the organisation and running of the day. It will be noted that group incomeforthe reportingyearwas well down on 202312024 (but so was expenditure). The main reason for this was that large projects- which cannotgo ahead without correspontjing ¢Jonatlons to cover the cost- were coming to an end but our next large project Ithe restoration of fire dama8ed Ley18nd Olympic JAA 7081 h88 Started but will not be incurring heavy expenditure until the 202512026 year Summary ofthe main achievements ofthe charity, identifying the differen￿ the charity's work has made to the circumstances of its beneficiaries and any wder benefrts to society a$ a whole. P8r8 1.20 The year 202412025 has. however, seen the completion of the restoration of Leyland ritan HOR 811 la type ofvehicle which played a major part in the operation of King Alfrea Motor SeNlces in the 1950s an(J 1960$ and part ofthe story hitherto mrssingl and as such was a major achievementduringthe

reporting year.us. This. plus ongoing maintenance of other vehicles means that FOKAB remain8well placed to take advantage ofthe opportunitiesto dispLayour vehicles Ithe oldest of which is now ninety sixyears old) and carry out our charitable oblectives during the reporting year 8n(J into the future. Although much ofthe restoration of HOR 811 referred to above was undertaken commercially, most ofthe dayto day maintenance las well as restoration of other vehicles) is carried out by a small team of unpaid volunteers. Thanks to their efforts it is possible for FOKAB to continue to spread the word 8bout'King Alfred, and its historic role in public transport in Hampshire. Financial review Review of Ihe chanty's financial posrtion at the end of the period Para 1.21 The board oftrustees is satisfied thatthe charity's assets are available and adequate to fulfil its obligations. Statement explaining the policy for holding rese￿eS stating why they are held Para 1.22 The nature of the charity's activities in restoring and maintaining a collection of 18 historic motor vehicles requires a significant sum'in hand. 38aingt contingenci8s such as mgjor componentoverhaul or replacement. Againstthis background. the charity's Investment & Reserves Policy specifies that 8t least £15k will be held in current account lunrestricted funds). In practise, the amount tendsto be somewhat morethanthat,

Beyond that. an uncapped amount is held in deposit account, raised predominantly from legacies and donations. In the past this reserve has been intendeci foi eventual acquisition of permanent premises but in 2022 most ofthis amountW8s invested in a fund managed byStJames Placewhere it remains producing dividends but still available on reasonably short notice shoul¢J a property acquisttion opportunity appear. What is now in the deposit account is mostly money r8ised for the restoration of fire damaged LeyLand Olympic JAA 708. Future policy will focus on continuing to build financial resources in readiness for property acquisition aimed at securing the charity's long-tem) future. Amount of reserves held Para 1.22 184.(hJO Reasons for holding zero reserves Para 1.22 NIA Details of fund materially in deficit Para 1.24 NIA Explanalion of any uncertainties about the charity continuing as a going con￿rn Para 1.Z3 None. The charity has sufficient reserves and support ofthe members to be considered a going concern. Additional information (Optionall You ma Ghoose to include further statements where relevant about: Main sources of funding are donations from supporters. from membership fees. from l@g3cieg. and from g21ÉÉ and stall income associated with the Running Day and other events. The charity's principal soureÈg of fundg (including any fundraising) Pard 1.47

A description of the prinGipal risks facing the charity Para 1.46 The running of successful events shows that the trustees are justified in believing that interest in the group's activities (both from members and from the public} remains strong and that such events as we are able to organise will be well supported and prooucecl fund raising an¢J delivery of public benefit comparable with that of previous years. The main risk affecting FOKAB is the absence of security oftenure in relation to the v8riOUS premiseswhere the buses are stored. Further. a8 noted in previous years, even where the landlord is happyforthe Charityto remain in occupation there is the risk of 8 demand for an increased rent. Accordingly, the iru8tees continue to look for alternative sources offunds and to pursue the long-term objective of owning ourown accommodation. Structure, governance and management Description of charity's trusts.. Type of goveming doGument.' for example, trust deed, memorandum and articles of association etc Para 1.25 Memorandum & Articles of As$oci8tion {incorporaied at Gompanics House on 25th October 2017). How is Ihe ¢hanty const'tuted? Para 1.25 Charitable Company Limited by Guarantee {CLGI with 200 members.

or exam le limiled om , uninco ssouation, Cl an orat Trustee selection methtsJs including details of any Para 1.25 Trustees are appointed or reappointed by election bythe members of the CLG at Ihe Annual General Meeting now held in September each year. in accordance with the Articles ofAssociation. The principle adopted is that each year one third of the Trustees shall retire but may stand for re-election. con¥titutional provi#iong 8.g. election to post or name of any person or body entrtled to appoint one or more trustees Additional Inforniation (optional You ma choose to include further statements where relevanl about.. Trustees are appointed or reappolnied by election bythe members ofthe CLG at the Annual General Meeting now held in Septembereach year, in accordance with the Articles of Association. The principle adopted is that eachyear one third oftheTrustees shall retire but may stand for re-election. Policies and procedures adopted for the induction and training of trustees Pard 1.51

FOKAB ig 8 member of the N8tional Association of Road Transport Museums which provides useful advice and the opportunityto exchange ideas on'best practice. with other organisations with similar aims. Membership is also maintained of individual 'marque' clubs le.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 is also maintained with bodies such as Winchester City Council and Winchester Discovery Centre. including attendance by histori vehicles at appropriate events and other participathon in herita8e activitie8. The charity's organisational structure and any wider network with which Ihe charity works Para 1.51 FOKAB takes part in the Heritage Open Days festival in and around Winchester which is coordinated by Hampshire HistoryTrustthe mission ofwhich is to connect people with local history and heritage The Trustees see that appropriate insurances are in place to cover motoring risks. assetvalues and public liability. A Health a safety sub- committee meets when required and provides advice to minimise risks to volunteerworkers and the wider public. All trustees give their time on an entirely voluntary basis and receive no remuneration or other benefits.

Friends of KingAlfred Buses is the sole shareholderof a dormant company. King Alfred Motorservices Limited. The company number is 12587632 Relationship with any related parties Para 1.51 Reference and administrative details Charity name Friends of King Alfred Busos Other name the charity uses Registered charity number 1175535 Charity's principal address 2 Highcroft Road Winchester S022 5GJ Names of the charlty trustees who manage the charity Dates acted If not for whole Office Ilf ary} Trustee name Name of person lor l)odyl entblled int tru8tee ifan james D.F. Freernan Chairman David R. Morgan Stephen G. Bigley Roger Harris Dave Ledbury William L Staniforth Secretary Treasurer Resigned Sept 2024 Appointed Sept 2024 Appointed Sept 2024 Richard Aldous Henry Pratt Nicholas Richardson 10 12

13 14 15 16 17 18 lg 20 Cor orate trustees- namès of the directors at tho date the re ortwasa roved Dir¢¢tor name Stephen G. Bigiey James D.F. Freeman Roger Harris David Ledbury David Morgan Henry Pratt Nicholas Richardson William L Staniforth Richard Aldous Name of trustees holding title to property belorfjing to the chartty Trustee name Dates acted rf not for whole year

Funds held as custodian trustees on behalf of others Description of the assets held in this capacity Name and objects of the charity on whose behalf the assets are held and how this falls within the custodian charity's objects Details of arrangements for safe custody and segregation of suth assets from the charty's own assets Addltlonal Infomiatlon (optlonal) Names and addresses of advisers (optional infomiation) Type of Name Address adviser Name of chlef executive or names of senior staff members (optional Infomiation) Exemptions from disclosure

Reason for non-disclosure of ke rsonnel details Other o tional Infonnation Declarations The company has taken advantage of the small companies. exemption in preparing the report above. The trustees declarè that they have approved the trustees, report (including directors, reportl above. Signed on behalf of the charity's trusteesldiroctors 8ignature(s) Full name(s} Position (for example Secretary, Chair. ètc) Date L Th)8

----- Start of picture text -----
Friends of King Alfred Buses Charity No 1175535
Company No 11031147
Annual accounts for the period
Period end
Period start date 1st June 2024 To date 31st May 2025
----- End of picture text -----

Section A Statement of financial activities (including summary income and expenditure account)

Guidance Note
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
Total funds brought forward
Gains and losses on revaluation of fixed assets for the
charity’s own use
Charitable activities
Separate material expense item
Net movement in funds
Other recognised gains/(losses):
Net income/(expenditure) before tax for
the reporting period
Raising funds
Other
Total
Recommended categories by activity
Income (Note 3)
Income and endowments from:
Donations and legacies
Investments
Charitable activities
Other trading activities
Separate material item of income
Other		 Unrestricted
funds
Restricted
income
funds
Endowment
funds
£
£
£
F01
F02
F03
64,446
-
-
23,690
-
-
6,549
-
-
6,656
-
-
-
-
-
-
-
-
Total funds
Prior year
funds
£
£
F04
F05
64,446
120,484
23,690
23,330
6,549
17,015
6,656
8,988
-
-
-
-
101,341
-
-		 101,341
169,817
5,489
-
-
83,254
-
-
-
-
-
5,489
4,728
83,254
168,586
-
-
88,743
-
-		 88,743
173,314
12,598
-
-		 12,598
3,497
-
-
-
-		 -
-
12,598
-
-		 12,598
3,497
-
-
-
-		 -
-
12,598
-
-		 12,598
3,497
-
-
-
-
-
-
-
-
-
-
-
-
-		 -
-
-
-
-
-
-
12,598
-
-		 12,598
3,497
-
388,851
-
-		 388,851
392,349
401,449
-
-		 401,449
388,851

----- Start of picture text -----
Charity Name: Friends of King Alfred Buses Charity No 1175535
Company No 11031147
Annual accounts for the period Period start date: 1st June 2024 To period end date: 31st May 2025
Section B Balance sheet
Restricted
Unrestricted income Endowment Total this Total last
Guidance note funds funds funds year year
£ £ £ £ £
Fixed assets F01 F02 F03 F04 F05
Intangible assets (Note 15) B01 - - - - -
Tangible assets (Note 14) B02 5,000 - - 5,000 5,000
Heritage assets (Note 16) B03 191,000 - - 191,000 191,000
Investments (Note 17) B04 - - - - -
Total fixed assets B05 196,000 - - 196,000 196,000
Current assets
Stocks (Note 18) B06 1,813 - - 1,813 -
Debtors (Note 19) B07 5,000 - - 5,000 5,000
Investments (Note 17.4) B08 114,285 - - 114,285 108,402
Cash at bank and in hand (Note 24) B09 84,351 - - 84,351 80,432
Total current assets B10 205,449 - - 205,449 193,834
Creditors: amounts falling due within
one year (Note 20) B11 - - - - 983
Net current assets/(liabilities) B12 205,449 - - 205,449 192,851
Total assets less current liabilities B13 401,449 - - 401,449 388,851
Creditors: amounts falling due after one
year (Note 20) B14 - - - - -
Provisions for liabilities B15 - - - - -
Total net assets or liabilities B16 401,449 - - 401,449 388,851
Funds of the Charity
Endowment funds (Note 27) B17 - - -
Restricted income funds (Note 27) B18 - - -
Unrestricted funds B19 401,449 - 401,449 388,851
Revaluation reserve B20 -
Fair value reserve B21
Total funds B22 401,449 - - 401,449 388,851
----- End of picture text -----

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

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.

Date of approval Signed by one or two trustees/directors on behalf of all the trustees/directors Print Name dd/mm/yyyy Signature Signature of director authenticating accounts being sent to Companies House Date dd/mm/yyyy Print name

CC17a (Excel)

05/11/2025

2

Section C Notes to the accounts

Note 1 Basis of preparation

This section should be completed by all charities .

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 • and with  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)

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:

An explanation as to those factors that support the conclusion that the charity is a going concern;

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.

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 { }.

note { }.
Yes*
* -Tick as appropriate
No*
Please disclose:
(i) the nature of the change in accounting policy;
(ii) the reasons why applying the new accounting policy
provides more reliable and more relevant information;
and

CC17a (Excel)

05/11/2025

3

(iii) the amount of the adjustment for each line affected in the current period, each prior period presented and the aggregate amount of the adjustment relating to periods before those presented, 3.44 FRS102 SORP.

1.4 Changes to accounting estimates

No changes to accounting estimates have occurred in the reporting period (3.46 FRS102 SORP).

Yes  * -Tick as appropriate No Please disclose: (i) the nature of any changes; (ii) the effect of the change on income and expense or assets and liabilities for the current period; and (iii) where practicable, the effect of the change in one or more future periods.

1.5 Material prior year errors

No material prior year error have been identified in the reporting period (3.47 FRS102 SORP). Yes  * -Tick as appropriate No Please disclose: (i) the nature of the prior period error; (ii) for each prior period presented in the accounts, the amount of the correction for each account line item affected; and (iii) the amount of the correction at the beginning of the earliest prior period presented in the accounts.

CC17a (Excel)

05/11/2025

4

CC17a IExc&ll 0511112025

Section C Notes to the accounts (cont)

Recognition of income
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.
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
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.
Income from interest,
The charity has incurred expenditure on support costs.
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.
Offsetting
Grants and donations
Note 2 Accounting policies
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.
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).
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.
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.
This is included in the accounts when receipt is probable and the amount receivable can
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).		 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

CC17 FRS 102 SORP

05/11/2025

6

, p
p
royalties and dividends be measured reliably.
Income from membership Membership subscriptions received in the nature of a gift are recognised in Donations
subscriptions and Legacies.
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.
Settlement of insurance
claims		 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.
Investment gains
losses		 and 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.
2.3 EXPENDITURE AND LIABILITIES
Liabilities are recognised where it is more likely than not that there is a legal or
Liability recognition constructive obligation committing the charity to pay out resources and the amount of the
obligation can be measured with reasonable certainty.
Governance and support Support costs have been allocated between governance costs and other support.
costs Governance costs comprise all costs involving public accountability of the charity and its
compliance with regulation and good practice.
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.
Grants with performance Where the charity gives a grant with conditions for its payment being a specific level of
conditions 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.
Grants payable without Where there are no conditions attaching to the grant that enables the donor charity to
performance conditions realistically avoid the commitment, a liability for the full funding obligation must be
recognised.
Redundancy cost The charity made no redundancy payments during the reporting period.
Deferred income No material item of deferred income has been included in the accounts.
Creditors The charity has creditors which are measured at settlement amounts less any trade
discounts
A liability is measured on recognition at its historical cost and then subsequently
Provisions for liabilities measured at the best estimate of the amount required to settle the obligation at the
reporting date
Basic financial
instruments		 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.
2.4 ASSETS
Tangible fixed assets for These are capitalised if they can be used for more than one year, and cost at least
use by charity
They are valued at cost.
The depreciation rates and methods used are disclosed in note 14.
The charity has intangible fixed assets, that is, non-monetary assets that do not have
Intangible fixed assets 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.
They are valued at cost.
The charity has heritage assets, that is, non-monetary assets with historic, artistic,
Heritage assets 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.
They are valued at cost.
Fixed asset investments in quoted shares, traded bonds and similar investments are
Investments 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.
Investments held for resale or pending their sale and cash and cash equivalents with a
i
d
f l
h
1
d
i

----- Start of picture text -----
  
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
----- End of picture text -----*

CC17 FRS 102 SORP

05/11/2025

7

maturity date of less than 1 year are treated as current asset investments

Stocks and work in Stocks held for sale as part of non-charitable trade are measured at the lower or cost or progress 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.

Work in progress is valued at cost less any foreseeable loss that is likely to occur on the contract.

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.

Debtors

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.

Current asset investments

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*

POLICIES ADOPTED ADDITIONAL TO OR DIFFERENT FROM THOSE ABOVE

CC17 FRS 102 SORP

05/11/2025

8

Section C Notes to the accounts (cont)

Note 3 Income

----- Start of picture text -----
Restricted
Unrestricted income Endowment
Analysis of income funds funds funds Total funds Prior year
£ £
Donations Donations and gifts 39,412 - - 39,412 97,242
and legacies: Gift Aid 7,764 - - 7,764 17,242
Legacies - - - - -
General grants provided by government/other
charities - - - - -
Membership subscriptions and sponsorships
which are in substance donations
6,285 - - 6,285 6,000
Provision of services 10,985 - - 10,985 17,015
Other 3,554 - - 3,554
Total 68,000 - - 68,000 137,499
Charitable
activities: - - - - -
Vehicle running days 20,136 - - 20,136 16,443
- - - - -
Other - - - - -
Total 20,136 - - 20,136 16,443
Other trading
activities: - - - - -
Sale of FoKAB branded items 6,549 - - 6,549 6,887
- - - - -
Other - - - - -
Total 6,549 - - 6,549 6,887
Income from Interest income 773 - - 773 586
investments: Dividend income 5,883 - - 5,883 8,402
Rental and leasing income - - -
Other - - - - -
Total 6,656 - - 6,656 8,988
Separate - - - - -
material item - - - - -
of income - - - - -
- - - - -
Total - - - - -
Other: 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
property rights - - - - -
Other - - - - -
Total - - - - -
TOTAL INCOME 101,341 - - 101,341 169,817
Other information:
All income in the prior year was unrestricted except for:
(please provide description and amounts)
----- End of picture text -----

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.

Within the income items above the following items are material: (please disclose the nature, amount and any prior year amounts)

CC17a (Excel)

05/11/2025

9

This year: Where sums originally denominated in foreign currency have been included in income, explain the basis on which those sums have been translated into sterling (or the currency in which the accounts are drawn up).

Last year: Where sums originally denominated in foreign currency have been included in income, explain the basis on which those sums have been translated into sterling (or the currency in which the accounts are drawn up).

CC17a (Excel)

05/11/2025

10

Section C Notes to the accounts (cont)

Note 6 Expenditure

----- Start of picture text -----
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 5,489 - - 5,489 4,728 - - 4,728
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
500 - - 500 - - - -
Rent collection, property repairs and
maintenance charges - - - - - - - -
- - - - - - - -
Total expenditure on raising funds 5,989 - - 5,989 4,728 - - 4,728
Expenditure on charitable activities:
- - - - - - - -
Bus restoration
81,716 - - 81,716 156,060 - - 156,060
- - - - - - - -
- - - - - - - -
Total expenditure on charitable activities
81,716 - - 81,716 156,060 - - 156,060
Separate material item of expense
- - - - - - - -
Other running costs 1,038 - - 1,038 12,527 - - 12,527
- - - - - - - -
Total 1,038 - - 1,038 12,527 - - 12,527
Other
- - - - - - - -
- - - - - - - -
- - - - - - - -
- - - - - - - -
Total other expenditure - - - - - - - -
TOTAL EXPENDITURE 88,743 - - 88,743 173,315 - - 173,315
----- End of picture text -----

CC17a (Excel)

05/11/2025

11

CC17a IExc&ll 12 0511112025

Other information:

Analysis of expenditure on charitable activities

----- Start of picture text -----
This year Last year
Activities Grant Activities Grant
Support Total this Support Total last
Activity or programme undertaken funding of undertaken funding of
Costs year Costs year
directly activities directly activities
£ £ £ £ £ £ £ £
Activity 1 - - - - - - - -
Activity 2 - - - - - - - -
Other - - - - - - - -
Total - - - - - - - -
This year: Where sums originally denominated in foreign currency have
been included in expenditure, explain the basis on which those sums
have been translated into sterling (or the currency in which the
accounts are drawn up).
Last year: Where sums originally denominated in foreign currency have
been included in expenditure, explain the basis on which those sums
have been translated into sterling (or the currency in which the
accounts are drawn up).
----- End of picture text -----

CC17a (Excel)

05/11/2025

13

Section C Notes to the accounts

Note 10 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).

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
£
£
- -
- -
- -
1,050 900

CC17a (Excel)

05/11/2025

14

Section C Notes to the accounts (cont)

Note 14 Tangible fixed assets Please complete this note if the charity has any tangible fixed assets

14.1 Cost or valuation

----- Start of picture text -----
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 SL or RB (Straight SL or RB SL or RB SL or RB SL or RB
Line or Reducing
Balance)
 Rate
At beginning of the - - 25,000 - 25,000
year
Disposals - - - - -
Depreciation - - - - -
Impairment - - - - -
Transfers - - - - -
At end of the year - - 25,000 - 25,000
14.3 Net book value
Net book value at the - - - - -
beginning of the year
Net book value at the - - - - -
end of the year
----- End of picture text -----*

CC17a (Excel)

05/11/2025

15

14.4 Impairment This year: Please provide a description of the events and circumstances that led to the recognition or reversal of an impairment loss. Last year: Please provide a description of the events and circumstances that led to the recognition or reversal of an impairment loss. 14.5 Revaluation If an accounting policy of revaluation is adopted, please provide: This year Last year the effective date of the revaluation the name of independent valuer, if applicable the methods applied and significant assumptions the carrying amount that would have been recognised had - - the assets been carried under the cost model.

14.6 Other disclosures

(iii) Details of the existence and carrying amounts of property, plant and
equipment to which the charity has restricted title or that are pledged as
security for liabilities.
(i) Please state the amount of borrowing costs, if any, capitalised in the
construction of tangible fixed assets and the capitalisation rate used.
(ii) Please provide the amount of contractual commitments for the acquisition
of tangible fixed assets.		 This year
Last year
£
£
- -
- -

CC17a (Excel)

05/11/2025

16

Section C Notes to the accounts (cont)

Note 16 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.
This year
Last year

16.2 Cost or valuation

Heritage
1
£		 asset
Heritage asset
2
£
Heritage asset
3
£
Heritage asset
4
£
Total
£
At beginning of the year 191,000 - - - 191,000
Additions - - - - -
Disposals - - - - -
Revaluations - - - - -
Transfers * - - - - -
At end of the year 191,000 - - - 191,000
16.3 Depreciation and impairments
**Basis Straight Line
("SL") or
Reducing
Balance
** Rate
At beginning of the year - - - - -
Disposals - - - - -
Depreciation - - - - -
Impairment - - - - -
Transfers* - - - - -
At end of year - - - - -
16.4 Net book value
Net book value at the beginning of the 191,000 - - - 191,000
year
Net book value at the end of the year 191,000 - - - 191,000

CC17a (Excel)

05/11/2025

17

16.5 Impairment

This year

Please provide a description of the events and circumstances that led to the recognition or reversal of an impairment loss.

Last year

Please provide a description of the events and circumstances that 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

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
At cost Group
B
Total
£
£
£
- - -
- - -
- - -
- - -
- - -
- - -

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

CC17a (Excel)

05/11/2025

18

16.9 Five year summary of heritage assets transactions

----- Start of picture text -----
2015 2014 2013 2012 2011
£ £ £ £ £
Purchases
Group A - - - - -
Group B - - - - -
Group C -
Other -
Donations
Group A - - - - -
Group B - - - - -
Group C - - - - -
Other - - - - -
Total additions - - - - -
Charge for impairment
Group A - - - - -
Group B - - - - -
Group C - - - - -
Other - - - - -
Total charge for impairment - - - - -
Disposals
Group A - carrying amount - - - - -
Group B - carrying amount - - - - -
Group C - - - - -
Other - - - - -
Total disposals - - - - -
----- End of picture text -----

CC17a (Excel)

05/11/2025

19

Section C Notes to the accounts (cont)

Note 19 Debtors and prepayments

Please complete this note if the charity has any debtors or prepayments.

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
£
£
- -
- -
- -
- -

CC17a (Excel)

05/11/2025

20

Section C Notes to the accounts (cont)

Other
Short term deposits
Cash at bank and on hand
Total
Note 24 Cash at bank and in hand
Short term cash investments (less than 3 months maturity date)		 This year
Last year
£
£
- -
- -
84,351 80,432
114,285 108,402
198,636 188,834

CC17a (Excel)

05/11/2025

21

CHARITY COMMISSION FOR ENGLAND AND WALES Independent examiner's report on the accounts Section A Independent Examiner's Report Report to the trusteesldirectorsl members of Friends of King Awred Buses On accounts for the year ended 31. May 2025 Charity no.: 1175535 Company no.: 11031147 Set out on pages I report to the charity truslees on my examination of the accounts of the Company for the year ended 31" May 2025. Responsibilities and basis of report As the charity's trustees of the Company {vtho are also the directors of the company for the purposes of company law), you are responsible for the preparation of the accoLtnts in accordance with the requirements of the Companies Act 20061"the 2006 Act.). Having satisfied myself that the accounts of the Company are not required io be audlted lor thls year under Pan 16 or the 2006 Aa and are eiigibie Tor independent examination, I report in respecl of my examination of your chariiy's accounts as carried out under section 145 of the Charities Aci 2011 ("the 2011 Act"). In carrying OLrt my examination, I have followed the Directions given by the Charity Commission (under section 145(5}{b) of the 2011 Act. Independent examiner's statement I have completed my examination. I confirm that no material fflatters have come to my attention (other than that disclosed below ") which gives me cause to believe that.. accounting records were not kept in accordance with section 386 of the Companies Act 2006,. or the accounts do not accord with such records," or 4 the accounts do not comply with relevant accounting requirements under sedion 396 of the Companies Act 2006 other than any requirement that the accounts give a 'true and fair, view which is not a matter considered as part of an independent examination,. or .the accounts have not been prepared in accofdance with Ihe Chanties SORP (FRS102). I have no concerns and have come across no other matters in connection wilh the examination to which attention should k drawn in Ihis report in order to enable a proper understanding of the accounts to be reached. Please delete the words in the brackets rf they do not apply. Signed: Date: IER October 2018

Name: M. JDI{ Relevant professlonal qualification{sl or body (if any): Addrèss: IMJ,ZiJiJLJkY Lj..￿ ,1s-L/-"IC/< Section B Disclosure Only complete if the examiner needs to highlight material matters of Gon￿rn (see CC32, Independenl examination of charty accounts.. directions and guidance for examiners). Give here brief details of any items that the examinerwishes to dis¢lose. IER October 2018