2024-12-31-accounts

BSSN FOUNDATION

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31[st] December 2024

CHARITY NUMBER: 1176706

Table Of Contents

Legal & Administrative Details .……………………………………………… 1 Trustees’ Report …………………………………………………………………… 2 Independent Examiner’s Report …………………………………………….. 5 Financial Statements ………………….………………………………………… 8

BSSN FOUNDATION

LEGAL & ADMINISTRATIVE DETAILS

YEAR ENDED 31 December 2024

ADDRESS FOR CORRESPONDENCE

SUITE 26 FIRST FLOOR ACORN HOUSE 381 MIDSUMMER BOULEVARD CENTRAL MILTON KEYNES MK9 3HP

REGISTERED CHARITY NUMBER

1176706

GOVERNING DOCUMENT

CONSTITUTION ADOPTED 11/01/2018

TRUSTEES/ DIRECTORS

PETER THOMPSON NANCY THOMPSON MARIA EFFA

PRINCIPAL BANKERS

BARCLAYS BANK PLC LEICESTER LE87 2BB

INDEPENDENT EXAMINER

DKA ACCOUNTING LTD EAST WING CASTLE HOUSE DAWSON ROAD MILTON KEYNES MK1 1QT

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TRUSTEES’ REPORT

The trustees are pleased to present their report for the year ended 31st December 2024 for the charity BSSN Foundation with charity number. 1176706

The Trustees of the charity are:

PETER THOMPSON NANCY THOMPSON MARIA EFFA

The principal address of the charity is:

SUITE 26 FIRST FLOOR ACORN HOUSE 381 MIDSUMMER BOULEVARD CENTRAL MILTON KEYNES MK9 3HP

Structure, Governance and Management

The Charity governing document is a constitution that was approved on 05/05/2015 by the trustees. This was subsequently registered by Charity Commission as of 17/01/2018.

The Charity is governed by a board on which the trustees are represented. It meets regularly to review, plan activities and monitor the charity’s financial position

Objectives and Activities

The Objects of the organization are first to advance the Christian faith in accordance with the statement of beliefs for the benefit of residents in the United Kingdom and in other parts of the world as the trustees may think fit from time to time.

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The trustees confirm that they have had due regard to the guidance issued by the Charity Commission on public benefit before deciding what activities the charity should undertake.

Achievements and Performance of BSSN Foundation

Introduction

Building Spiritual and Social Network (BSSN) mission of our local charity has always been devoted to enhancing spiritual and social well-being within Milton Keynes. Our mission centres on uplifting those in need, particularly focusing on the black, minority, and ethnic community, the unemployed, underemployed, elderly, and disabled individuals. This report highlights the achievements, social impact, and the development of the BSSN Foundation throughout the year ending December 2022-2024.

Key Achievements and Social Impact

Spiritual and Social Support Initiatives

BSSN provided consistent spiritual support to the local chapel and the broader community, including several services and the BSSN Chapel Sunday Meet-Up program. These services inspired participants, who expressed gratitude for the charity's role in creating a spiritually supportive environment.

Social impact programs targeting poverty alleviation offered resources and assistance to the economically disadvantaged. Through training, fellowship, and community visits, we directly addressed the needs of marginalized groups, enabling a more inclusive support network.

Community Engagement and Outreach

The foundation’s outreach programs began to generate interest from participants and willingness to attend the BSSN Chapel in Milton Keynes. In some of our services, a few visitors attended and were inspired by the music and the lively atmosphere.

Our commitment to community church initiatives led to collaborations with diverse congregations. We connected with community members from a range of cultural backgrounds, including individuals from the Telegu community in South India, and Ghanaians, fostering the sense of being connected in spirit and fellowship.

Internet Radio Station (MKGR) Development

MKGR, our internet radio station, made significant progress in 2022 and 2024, with its internal podcasts arrangements and broadcast preparations becoming more structured and aligned with BSSN’s mission.

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A volunteer specialist dedicated to studio setup, recording, editing, and overall production management ensured that the MKGR radio station could deliver quality content, providing a new platform for spiritual outreach and community engagement.

Internship and Corporate Training Programs

Throughout the year, BSSN was focused on developing capacity for training programs and tools for an academy. This was aimed at providing internships and professional experience in the art of film and music workshops.

BSSN’s internship and training programs contribute significantly to career development, benefiting the local community by providing training opportunities for future leaders in social and spiritual outreach.

Community and Cultural Integration

The foundation's commitment to Building Spiritual and Social Networks extended beyond the Christian community, offering support to individuals irrespective of their religious backgrounds. This inclusive approach has led to meaningful connections with various cultural groups within Milton Keynes, thus strengthening our community's diversity and solidarity.

Support and Donations

Throughout the year, BSSN provided material and financial support to individuals and families in need, directly addressing challenges such as food insecurity, housing instability, and lack of access to educational resources. Our fundraising initiatives, in combination with community donations, helped us offer timely aid, fulfilling our mission of supporting the vulnerable.

Conclusion

BSSN Foundation has seen a year of growth and impactful outreach, marked by an expansion in membership, enhanced community engagement, and the establishment of new programs. Our activities in 2022 have laid a solid foundation for future growth and service in Milton Keynes. By continuing to serve with dedication, we aim to build a stronger, more inclusive community united by faith, compassion, and a commitment to social support.

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INDEPENDENT EXAMINER’S REPORT

Financial Review

The income of the charity was £33,971 for the period. The charity is also well positioned to manage its costs effectively.

Reserve Policy

It is the policy of the charity to maintain unrestricted funds. These are the reserves of the organisation and equivalent to 3 months of unrestricted expenditure. The aim is to ensure there is adequate funds to cover any emergency expenditure that may arise. The charity will seek to maintain this level throughout the year.

Risk Management

The charity has assessed all the major risks to which the charity is exposed to, in particular those related to operations and finances of the charity and are satisfied that systems are in place to mitigate exposure to major risks.

Trustee Responsibilities

Under the Charities Act 2011, the trustees are required to prepare a statement of accounts for each accounting year which gives a true and fair view of the state of the charity. They are required to:

1. Select suitable accounting policies and apply them consistently.

2. Make judgements and estimates that are reasonable and prudent.

3. State whether the applicable accounting standards have been followed.

4. Prepare financial statements on an ongoing basis.

They are responsible for keeping proper records which disclose with reasonable accuracy the finances of the charity at any time and to ensure that such accounts comply with the Charities Act 2011.They also have a responsibility to safeguard the assets of the charity and to take reasonable steps to detect fraud or other irregularities.

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This report of the charity for the year ended 31[st] December 2024 relates to the Receipts and Payment Account.

Respective responsibilities of Trustees and examiner

The charity’s Trustees consider that an audit is not required for this year under section 43(2) of the Charities Act 1993 (the Act) and that an independent examination is needed. It is my responsibility to:

• examine the accounts (under section 43 of the Act)

• follow the procedures laid down in the General Directions given by the Charity Commission (under section 43(7)(b) of the Act); and

• state whether particular matters have come to my attention.

Basis of the independent examiner’s statement

My examination included a review of the accounting records kept by the charity. It included consideration of any unusual items or disclosures in the accounts and seeking explanation from the Trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the accounts.

Independent Examiner’s statement

In the course of my examination, no matter has come to my attention:

1. which gives me reasonable cause to believe that, in any material respect, the Trustees have not met the requirements to ensure that:

2. proper accounts records are kept in accordance with section 41 of the Act; and

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• accounts are prepared which agree with the accounting records and comply with the account requirements of the Act; or

• to which in my opinion attention should be drawn in order to enable proper understanding of

the accounts to be reached.

DAVID AKAKPO MA (FAM), ACMA, CGMA

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STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024

Incoming resources from Generated funds Donations and Legacies Sponsorships Training fees Other Income Total Incoming resources Resources expended in furtherance of charity objectives Charitable activities Other Total Resources Expended Net movement in funds Reconciliation of Funds Funds Brought forward Funds carrried forward	UNRESTRICTED FUNDS £ 3,483 - 21,891 8,597 33,971 28,217 2,975 31,192 2,779 (11,978) (9,199)	2024 2023 £ 3,483 27,024 - 6,300 21,891 - 8,597 17,063 33,971 50,387 28,217 50,367 2,975 10,304 31,192 60,671 2,779 (10,284) (11,978) (1,694) (9,199) (11,978)

The above funds are all classed as to purpose.

All movements of funds and all recognised gains and losses are included above.

The notes on the accounts form part of these accounts.

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BALANCE SHEET AT 31 DECEMBER 2024

ASSETS Fixed Asset Total Fixed Asset Cash at bank and in hand Cash at Bank Total Cash at bank and in hand Debtors Debtors Total Debtors Net current assets Creditors: amounts falling due within one year Current Liabilities Loans Director's Current Account Other Creditors Total Current Liabilities Total Creditors: amounts falling due within one year Net current assets (liabilities) Total assets less current liabilities Total net assets (liabilities) Charity funds Opening Balance Surplus/(Deficit) Total Charity funds The financial statements were approved on		2024 2023 £ £ 290 361 290 361 19,003 43,016
		19,003 43,016
		19,293 43,377
		10,584 15,384 1,750 - - 23,813
		12,334 39,197
		12,334 39,197
		6,959 4,180
		6,959 4,180
		6,959 4,180
		4,180 14,464 2,779 (10,284)
		6,959 4,180
		29/Oct/2025

SIGNED ON BEHALF OF THE BOARD BY:

NAME:

PETER THOMPSON

STATUS

CHAIR OF BOARD OF TRUSTEES

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DETAILED INCOME AND EXPENDITURE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024

Incoming resources from Generated funds Donations received Sponsorship income Training fees Apprentice Sponsor payment Gift Aid Total Income Resources expended in furtherance of charity objectives Advertising/Promotional Bank charges Charitable donations paid out Employer Pension Entertainment Insurance Legal and professional fees Office/General Administrative Expenses Phone Costs Printing, Postage and Stationery Rent or Lease of buildings Software Costs Training Travel and Accommodation Wages Telephone Miscellaneous expenses Net Surplus for the year	UNRESTRICTED FUNDS £ 3,483 - 21,891 - 8,597 33,971 200 2 165 - - 274 6,175 6,641 - 15 14,107 638 - 2,738 - 227 10 31,192 2,779 2,779	2024 2023 £ £ 3,483 27,024 - 6,300 21,891 - - 14,965 8,597 2,098 33,971 50,387 200 370 2 26 165 8,000 - 54 - 394 274 82 6,175 4,284 6,641 18,566 - 30 15 120 14,107 17,647 638 314 - 480 2,738 1,827 - 6,187 227 250 10 2,040 31,192 60,671 2,779 (10,284) 2,779 (10,284)

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