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 SeICe5} 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 reseeS
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
conrn
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**
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## **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)
- and with the Charities Act 2011.
The charity constitutes a public benefit entity as defined by FRS 102.*
* -Tick as appropriate
## **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_**||||
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_**(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.**_
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CC17a IExc&ll
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## **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*|
|---|---|
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||**,**|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
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## **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)
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## **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)
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**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**
**£**
**£**
- -
- -|
|---|---|
- _The "transfers" row is for movements between fixed asset categories._
- _** Please indicate the method of depreciation by deleting the method not applicable (SL = straight line; RB = reducing balance). Also_
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
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## **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 Gonrn
(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