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2021-03-31-accounts

DocuSign Envelope ID: 185FC1A0-8928-43E3-B8B3-A9F917D1C152

Registered number: 04343539 Charity number: 1182924

BAPCO LIMITED

(A Company Limited by Guarantee)

UNAUDITED

TRUSTEES' REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2021

DocuSign Envelope ID: 185FC1A0-8928-43E3-B8B3-A9F917D1C152

BAPCO LIMITED

(A Company Limited by Guarantee)

CONTENTS

Page
Reference and Administrative Details of the Charitable Company, its Trustees and 1
Advisers
Trustees' Report 2 - 4
Independent Examiner's Report 5
Statement of Financial Activities 6
Balance Sheet 7 - 8
Notes to the Financial Statements 9 - 23

DocuSign Envelope ID: 185FC1A0-8928-43E3-B8B3-A9F917D1C152

BAPCO LIMITED (A Company Limited by Guarantee)

REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITABLE COMPANY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2021

Trustees

Mr J Anthony Mr C Lucas Mr A Rooke

Company registered number

04343539

Charity registered number

1182924

Registered office

The Grainger Suite Dobson House Regent Centre Gosforth Newcastle upon Tyne NE3 3PF

Accountants

Ryecroft Glenton Chartered Accountants 32 Portland Terrace Jesmond Newcastle upon Tyne NE2 1QP

Bankers

Lloyds Bank PLC Ariel House 2138 Coventry Road Sheldon Birmingham West Midlands B26 3JW

Page 1

DocuSign Envelope ID: 185FC1A0-8928-43E3-B8B3-A9F917D1C152

BAPCO LIMITED

(A Company Limited by Guarantee)

TRUSTEES' REPORT FOR THE YEAR ENDED 31 MARCH 2021

The Trustees present their annual report together with the financial statements of the Charitable Company for the year 1 April 2020 to 31 March 2021. The Annual Report serves the purposes of both a Trustees' report and a directors' report under company law. The Trustees confirm that the Annual Report and financial statements of the charitable company comply with the current statutory requirements, the requirements of the charitable company's governing document and the provisions of the Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2019).

Since the Charitable Company qualifies as small under section 382 of the Companies Act 2006, the Strategic Report required of medium and large companies under the Companies Act 2006 (Strategic Report and Directors' Report) Regulations 2013 has been omitted.

Objectives and activities

Policies and objectives

The principal object of the Charitable Company is the advancement of health and the saving of lives by improving the knowledge and use of public safety technology and critical communications.

In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2)'.

Activities undertaken to achieve objectives

Members of the association are enabled to share public safety and critical communications knowledge, learn and network at events and via the BAPCO Journal and website. This encourages the development of technology to increase the speed and accuracy of critical communications. There are specialist groups within the charity that focus on a range of projects, from 999 Apps, to MAIT and ESMCP as well as being a member of the Collaborative Coalition for International Public Safety. This knowledge exchange is between emergency services, telecommunication and technology companies, the 999 Liaison Committee and government organisations. The accreditation of 999 applications ensures that life-saving technology is effective in cutting response time of the emergency services.

Achievements and performance

Main achievements of the Charitable Company

Increased knowledge sharing through higher levels of Corporate Membership and steady Commercial and Public Sector Membership. The accreditation of four 999 Apps within the year.

Investment policy and performance

The Charitable Company has an active trading subsidiary, BAPCO Trading Limited, that currently organises conferences for public safety and critical communications professionals. The profits of the subsidiary are gifted to the Charitable Company. The subsidiary contributed £86,715 to the Charitable Company in the year under gift aid. Further details of the performance of the subsidiary can be found in the accounts of the subsidiary company.

Page 2

DocuSign Envelope ID: 185FC1A0-8928-43E3-B8B3-A9F917D1C152

BAPCO LIMITED (A Company Limited by Guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021

Financial review

Going concern

After making appropriate enquiries, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. This is despite the effects of COVID19 as membership levels and the development of 999 applications have not been impacted. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the Accounting Policies.

Reserves policy

The total funds of the charity at 31 March 2021 were £398,494 (2020: £424,132).

The Board of Trustees have agreed it is necessary to maintain a level of reserves to cover the administration costs. This averages approximately £180,000 in total. The Trustees are pleased to note that the total funds exceed this figure and have plans to use these as explained in the Future developments section of this Report.

Structure, governance and management

Constitution

BAPCO Limited is a private company (company number: 04343539) limited by guarantee incorporated in England and Wales.

On 10 April 2019 the company gained charitable status after registering with the Charity Commission, charity registration number 1182924.

The Charitable company is constituted under its Memorandum and Articles of Association incorporated 30 April 2018 as amended by special resolution registered at Companies House on 8 April 2019.

The principal object of the Charitable Company is the advancement of health and the saving of lives by improving the knowledge and use of public safety technology and critical communications.

Methods of appointment or election of Trustees

The management of the Charitable Company is the responsibility of the Trustees who are elected and co-opted under the terms of the Memorandum of Association.

Trustee vacancies are advertised in the BAPCO journal and website. Trustees are appointed by the existing trustees for a four year term. New trustees receive the BAPCO constitution, published accounts, minutes of previous Board of Trustee meetings, as well as the Charity Commission guidance on effective governance.

Trustees meet on average four times a year in person or by teleconference.

Organisational structure and decision-making policies

The day to day administration of BAPCO Limited is delivered by Echo AM Limited. The charity is managed by a Chief Executive Officer who is governed by the Trustees through full disclosure at Board of Trustee meetings.

Page 3

DocuSign Envelope ID: 185FC1A0-8928-43E3-B8B3-A9F917D1C152

BAPCO LIMITED (A Company Limited by Guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021

Structure, governance and management (continued)

Financial risk management

The Trustees have assessed the major risks to which the Charitable Company is exposed, in particular those related to the operations and finances of the Charitable Company, and are satisfied that systems and procedures are in place to mitigate exposure to the major risks.

Plans for future periods

In addition to the continuing activities referred to earlier in this Report, the Trustees plan to spend funds in the 2021/22 year and beyond on sponsorship of students with aspirations to work in the public safety and critical communications industry.

Members' liability

The Members of the Charitable Company guarantee to contribute an amount not exceeding £1 to the assets of the Charitable Company in the event of winding up.

Statement of Trustees' responsibilities

The Trustees (who are also the directors of the Charitable Company for the purposes of company law) are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the Trustees to prepare financial statements for each financial . Under company law, the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Charitable Company and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:

The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Charitable Company's transactions and disclose with reasonable accuracy at any time the financial position of the Charitable Company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Charitable Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Approved by order of the members of the board of Trustees on 7 December 2021 and signed on their behalf by:

Mr J Anthony

Page 4

DocuSign Envelope ID: 185FC1A0-8928-43E3-B8B3-A9F917D1C152

BAPCO LIMITED (A Company Limited by Guarantee)

INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 MARCH 2021

Independent Examiner's Report to the Trustees of BAPCO Limited ('the Charitable Company')

I report to the charity Trustees on my examination of the accounts of the Charitable Company for the year ended 31 March 2021.

Responsibilities and Basis of Report

As the Trustees of the Charitable Company (and its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Charitable Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the Charitable Company's accounts carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent Examiner's Statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

  1. accounting records were not kept in respect of the Charitable Company as required by section 386 of the 2006 Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act 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

  4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)].

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

This report is made solely to the Charitable Company's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the Charitable Company's Trustees those matters I am required to state to them in an Independent Examiner's Report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the Charitable Company and the Charitable Company's Trustees as a body, for my work or for this report.

Signed: Dated: 7 December 2021 Detlev Anderson FCA Ryecroft Glenton Chartered Accountants 32 Portland Terrace Jesmond Newcastle upon Tyne NE2 1QP

Page 5

DocuSign Envelope ID: 185FC1A0-8928-43E3-B8B3-A9F917D1C152

BAPCO LIMITED

(A Company Limited by Guarantee)

STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2021

Note
Income from:
Donations and legacies
3
Charitable activities
4
Other trading activities
Total income
Expenditure on:
Charitable activities
5
Total expenditure
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Net movement in funds
Total funds carried forward		 Unrestricted
funds
2021
£
86,715
27,452
-
114,167
139,805
139,805
(25,638)
424,132
(25,638)
398,494		 Total
funds
2021
£
86,715
27,452
-
114,167
139,805
139,805
(25,638)
424,132
(25,638)
398,494		 Total
funds
2020
£
-
(15,870)
(1,000)
(16,870)
186,316
186,316
(203,186)
627,318
(203,186)
424,132

The Statement of Financial Activities includes all gains and losses recognised in the year.

The notes on pages 9 to 23 form part of these financial statements.

Page 6

DocuSign Envelope ID: 185FC1A0-8928-43E3-B8B3-A9F917D1C152

BAPCO LIMITED (A Company Limited by Guarantee) REGISTERED NUMBER: 04343539

BALANCE SHEET AS AT 31 MARCH 2021

Note
Fixed assets
Intangible assets
10
Tangible assets
11
Investments
12
Current assets
Debtors
13
Cash at bank and in hand
Creditors: amounts falling due within one
year
14
Net current assets
Total assets less current liabilities
Creditors: amounts falling due after more
than one year
15
Total net assets
Charity funds
Unrestricted funds
17
Total funds		 165,745
373,654
539,399
(155,941)		 2021
£
14,329
1,056
1
15,386
383,458
398,844
(350)
398,494
398,494
398,494		 69,183
455,745
524,928
(121,133)		 2020
£
19,969
1,137
1
21,107
403,795
424,902
(770)
424,132
424,132
424,132

Page 7

DocuSign Envelope ID: 185FC1A0-8928-43E3-B8B3-A9F917D1C152

BAPCO LIMITED (A Company Limited by Guarantee) REGISTERED NUMBER: 04343539

BALANCE SHEET (CONTINUED) AS AT 31 MARCH 2021

The Charitable Company was entitled to exemption from audit under section 477 of the Companies Act 2006.

The members have not required the company to obtain an audit for the year in question in accordance with section 476 of Companies Act 2006.

The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small companies regime.

The financial statements were approved and authorised for issue by the Trustees on 07 December 2021 and signed on their behalf by:

Mr J Anthony

The notes on pages 9 to 23 form part of these financial statements.

Page 8

DocuSign Envelope ID: 185FC1A0-8928-43E3-B8B3-A9F917D1C152

BAPCO LIMITED (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

1. General information

BAPCO is a private Company limited by guarantee, incorporated in England and Wales, registration number 04343539 and charity number 1182924. The address of its registered office is disclosed in the Reference and Administrative Details section of these financial statements.

2. Accounting policies

2.1 Basis of preparation of financial statements

The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

BAPCO Limited meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.

2.2 Going concern

The trustees have considered the possible effects of the coronavirus pandemic and how it is expected to affect the charitable company's financial position. The charitable company has net current assets and no requirement for finance and it is expected that the charitable company's activities can be adapted without significant financial implications. In assessing going concern, the trustees have assumed that any deficit incurred in the current year will not exceed the funds presently held and, on that basis, they continue to adopt the going concern basis of accounting in preparing the annual financial statements.

2.3 Income

All income is recognised once the Charitable Company has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.

2.4 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent.

Expenditure on charitable activities is incurred on directly undertaking the activities which further the Charitable Company's objectives, as well as any associated support costs.

All expenditure is inclusive of irrecoverable VAT.

Page 9

DocuSign Envelope ID: 185FC1A0-8928-43E3-B8B3-A9F917D1C152

(A Company Limited by Guarantee)

BAPCO LIMITED

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

2. Accounting policies (continued)

2.5 Government grants

Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.

A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.

2.6 Taxation

The Charitable Company is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the Charitable Company is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.

2.7 Intangible assets and amortisation

Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less any accumulated amortisation and any accumulated impairment losses.

Amortisation is provided on intangible assets at rates calculated to write off the cost of each asset on a straight-line basis over its expected useful life.

The estimated useful lives are as follows:

Amortisation is provided on the following basis:

Computer software - 5 years

2.8 Tangible fixed assets and depreciation

Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost.

Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Page 10

DocuSign Envelope ID: 185FC1A0-8928-43E3-B8B3-A9F917D1C152

BAPCO LIMITED (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

2. Accounting policies (continued)

2.9 Investments

Fixed asset investments are a form of financial instrument and are initially recognised at their transaction cost and subsequently measured at fair value at the Balance Sheet date, unless the value cannot be measured reliably in which case it is measured at cost less impairment. Investment gains and losses, whether realised or unrealised, are combined and presented as ‘Gains/(Losses) on investments’ in the Statement of Financial Activities.

Investments in subsidiaries are valued at cost less provision for impairment.

2.10 Debtors

Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

2.11 Cash at bank and in hand

Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

2.12 Liabilities and provisions

Liabilities are recognised when there is an obligation at the Balance Sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.

Liabilities are recognised at the amount that the Charitable Company anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.

Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of Financial Activities as a finance cost.

2.13 Financial instruments

The Charitable Company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

2.14 Pensions

The Charitable Company operates a defined contribution pension scheme and the pension charge represents the amounts payable by the Charitable Company to the fund in respect of the year.

Page 11

DocuSign Envelope ID: 185FC1A0-8928-43E3-B8B3-A9F917D1C152

(A Company Limited by Guarantee)

BAPCO LIMITED

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

2. Accounting policies (continued)

2.15 Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charitable Company and which have not been designated for other purposes.

3. Income from donations and legacies

Unrestricted Total Total
funds funds funds
2021 2021 2020
£ £ £
Donations from BAPCO (Trading) Limited 86,715 86,715 -

4. Income from charitable activities

Unrestricted
funds
2021
£
Income from charitable activities - Membership
19,537
Income from charitable activities - EU projects
665
Income from charitable activities - 999 App
7,250
EU project - grant clawback
-
27,452
Total 2020
(15,870)		 Total
funds
2021
£
19,537
665
7,250
-
27,452
(15,870)		 Total
funds
2020
£
33,369
18,031
6,500
(73,770)
(15,870)

Page 12

DocuSign Envelope ID: 185FC1A0-8928-43E3-B8B3-A9F917D1C152

BAPCO LIMITED (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

5. Analysis of expenditure on charitable activities

Summary by fund type

Unrestricted
funds
2021
£
Membership
124,997
EU projects
1,868
999 App
12,940
139,805
Total 2020
186,316		 Total
funds
2021
£
124,997
1,868
12,940
139,805
186,316		 Total
funds
2020
£
142,610
29,415
14,291
186,316

6. Analysis of expenditure by activities

Membership
EU projects
999 App		 Activities
undertaken
directly
2021
£
8,611
-
10
8,621		 Support
costs
2021
£
116,386
1,868
12,930
131,184		 Total
funds
2021
£
124,997
1,868
12,940
139,805

Page 13

DocuSign Envelope ID: 185FC1A0-8928-43E3-B8B3-A9F917D1C152

BAPCO LIMITED (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

6. Analysis of expenditure by activities (continued)

Membership
EU projects
999 App		 Activities
undertaken
directly
2020
£
22,286
9,238
923
32,447		 Support
costs
2020
£
120,324
20,177
13,368
153,869		 Total
funds
2020
£
142,610
29,415
14,291
186,316

Analysis of direct costs

Project costs
Cost of attending events
Advertising, PR and promotional costs
Podcast costs
Webinar related costs
Commission on sponsorship
Project costs
Cost of attending events
Advertising, PR and promotional costs		 Membership
2021
£
944
126
1,633
4,003
1,250
655		 EU projects
2021
£
-
-
-
-
-
-		 999 App
2021
£
10
-
-
-
-
-		 Total
funds
2021
£
954
126
1,633
4,003
1,250
655
8,621
8,611 - 10
Membership
2020
£
-
20,172
2,114
22,286		 EU projects
2020
£
9,238
-
-
9,238		 999 App
2020
£
923
-
-
923		 Total
funds
2020
£
10,161
20,172
2,114
32,447

Page 14

DocuSign Envelope ID: 185FC1A0-8928-43E3-B8B3-A9F917D1C152

(A Company Limited by Guarantee)

BAPCO LIMITED

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

6. Analysis of expenditure by activities (continued)

Analysis of support costs

Staff costs
Depreciation
Association management support
Insurance
IT costs
Car mileage
Travel expenses
Accommodation
Subsistence
Car parking
Legal and professional
Accountancy fees
Bank charges
Stationery and postage
Telephone and fax
Miscellaneous
Grant release
Intercompany recharges
Loss on disposal of assets
Amortisation		 Membership
2021
£
48,736
404
49,109
1,936
6,865
515
(222)
152
128
9
31,592
1,971
804
155
430
37
(386)
(31,569)
531
5,189
116,386		 EU projects
2021
£
1,868
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
1,868		 999 App
2021
£
4,238
35
4,270
168
597
45
(19)
13
11
1
2,766
219
70
13
37
3
(34)
-
46
451
12,930		 Total
funds
2021
£
54,842
439
53,379
2,104
7,462
560
(241)
165
139
10
34,358
2,190
874
168
467
40
(420)
(31,569)
577
5,640
131,184

Page 15

DocuSign Envelope ID: 185FC1A0-8928-43E3-B8B3-A9F917D1C152

(A Company Limited by Guarantee)

BAPCO LIMITED

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

6. Analysis of expenditure by activities (continued)

Analysis of support costs (continued)

Staff costs
Depreciation
Staff training
Association management support
Executive meeting costs
Insurance
IT costs
Car mileage
Travel expenses
Accommodation
Subsistence
Car parking
Legal and professional
Accountancy fees
Bank charges
Stationery and postage
Telephone and fax
Miscellaneous
Grant release
Intercompany recharges
Amortisation		 Membership
2020
£
55,853
339
201
48,317
4,221
1,466
6,822
692
2,074
1,424
1,034
274
20,761
2,272
1,253
422
972
345
(378)
(32,792)
4,752
120,324		 EU projects
2020
£
20,177
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
20,177		 999 App
2020
£
4,856
29
18
4,201
367
127
593
60
180
124
90
24
1,805
253
109
37
85
30
(42)
-
422
13,368		 Total
funds
2020
£
80,886
368
219
52,518
4,588
1,593
7,415
752
2,254
1,548
1,124
298
22,566
2,525
1,362
459
1,057
375
(420)
(32,792)
5,174
153,869

Included above are governance costs amounting to £3,040 (2020: £3,012).

Page 16

DocuSign Envelope ID: 185FC1A0-8928-43E3-B8B3-A9F917D1C152

BAPCO LIMITED

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

7. Independent examiner's remuneration

2021 2020
£ £
Fees payable to the Charitable Company's independent examiner for the
independent examination of the Charitable Company's annual accounts 455 525
Fees payable to the Charitable Company's independent examiner in
respect of:
Accountancy services 1,735 2,000
All other services not included above 850 487

8. Staff costs

Wages and salaries
Social security costs
Contribution to defined contribution pension schemes		 2021
£
53,960
7
875
54,842		 2020
£
74,867
4,703
1,316
80,886

The average number of persons employed by the Charitable Company during the year was as follows:

2021 2020
No. No.
Average number of employees 1 3

No employee received remuneration amounting to more than £60,000 in either year.

Key management remuneration for the year, including employer's national insurance contributions and pension contributions amounted to £60,566 (2020: £63,709).

9. Trustees' remuneration and expenses

During the year, no Trustee received any remuneration or other benefits for their role as Trustee (2020 - £NIL) . Following the death of the former CEO, Ian Thompson, payments totalling £7,500 were made to J Anthony (Trustee) in respect of consultancy services supplied. The board made the decision to make these payments in the interim period between the death of the former CEO and the appointment of the new COO in March 2022.

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DocuSign Envelope ID: 185FC1A0-8928-43E3-B8B3-A9F917D1C152

BAPCO LIMITED (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

9. Trustees' remuneration and expenses (continued)

During the year ended 31 March 2021, Trustee expenses totalling £553 (2020: £5,093) were reimbursed to 2 (2020: 3) Trustees. These expenses were for travel, mobile phone charges and broadband.

10. Intangible assets

Cost
At 1 April 2020
At 31 March 2021
Amortisation
At 1 April 2020
Charge for the year
At 31 March 2021
Net book value
At 31 March 2021
At 31 March 2020		 Computer
software
£
28,200
28,200
8,231
5,640
13,871
14,329
19,969

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DocuSign Envelope ID: 185FC1A0-8928-43E3-B8B3-A9F917D1C152

BAPCO LIMITED

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

11.
Tangible fixed assets
Cost or valuation
At 1 April 2020
Additions
Disposals
At 31 March 2021
Depreciation
At 1 April 2020
Charge for the year
On disposals
At 31 March 2021
Net book value
At 31 March 2021
At 31 March 2020		 Office
equipment
£
16,139
935
(15,661)
1,413
15,002
439
(15,084)
357
1,056
1,137

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DocuSign Envelope ID: 185FC1A0-8928-43E3-B8B3-A9F917D1C152

BAPCO LIMITED

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

12. Fixed asset investments

Cost or valuation
At 1 April 2020
At 31 March 2021		 Investments
in
subsidiary
companies
£
1
1

Principal subsidiaries

The following was a subsidiary undertaking of the Charitable Company:

Name Company Registered office or principal Principal activity
number place of business
BAPCO (Trading) Limited 11339063 The Grainger Suite Promotion of effective
Dobson House communications for
Regent Centre public safety in the
Gosforth general and in the
Newcastle upon Tyne public safety services.
NE3 3PF
Class of Holding
shares
Ordinary 100%

The financial results of the subsidiary for the year were:

Name Income Expenditure Profit for
£ £ the period
to 31 March
2021
£
BAPCO (Trading) Limited 162,251 138,159 24,096

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DocuSign Envelope ID: 185FC1A0-8928-43E3-B8B3-A9F917D1C152

BAPCO LIMITED

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

13. Debtors

Due within one year
Trade debtors
Amounts owed by group undertakings
Other debtors
Prepayments and accrued income		 2021
£
11,640
151,076
1,558
1,471
165,745		 2020
£
22,033
36,513
2,122
8,515
69,183

14. Creditors: Amounts falling due within one year

Trade creditors
Other taxation and social security
Other creditors
Accruals and deferred income		 2021
£
9,257
2,170
47,182
97,332
155,941		 2020
£
7,146
2,413
-
111,574
121,133

15. Creditors: Amounts falling due after more than one year

Other creditors
Financial instruments
Financial assets
Financial assets measured at fair value through income and expenditure		 2021
£
350
2021
£
373,654		 2020
£
770
2020
£
455,745

16. Financial instruments

Financial assets measured at fair value through income and expenditure comprise bank balances.

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DocuSign Envelope ID: 185FC1A0-8928-43E3-B8B3-A9F917D1C152

BAPCO LIMITED

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

17.
Statement of funds
Statement of funds - current year
Balance at 1
April 2020
£
Unrestricted funds
General Funds
424,132
18.
Summary of funds
Summary of funds - current year
Balance at 1
April 2020
£
General funds
424,132
19.
Analysis of net assets between funds
Analysis of net assets between funds - current year
Tangible fixed assets
Intangible fixed assets
Fixed asset investments
Current assets
Creditors due within one year
Creditors due in more than one year
Total		 Income
£
Expenditure
£
114,167
(139,805)
Income
£
Expenditure
£
114,167
(139,805)
Unrestricted
funds
2021
£
1,056
14,329
1
539,399
(155,941)
(350)
398,494		 Balance at
31 March
2021
£
398,494
Balance at
31 March
2021
£
398,494
Total
funds
2021
£
1,056
14,329
1
539,399
(155,941)
(350)
398,494

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DocuSign Envelope ID: 185FC1A0-8928-43E3-B8B3-A9F917D1C152

BAPCO LIMITED (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

20. Pension commitments

The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the group in an independently administered fund. The pension cost charge represents contributions payable by the group to the fund and amounted to £875 (2020 - £1,316). There were no amounts payable to the fund at the balance sheet date (2020: £nil).

21. Related party transactions

In the period, a donation of £86,715 (2020: £nil) was received from BAPCO (Trading) Limited, a wholly owned subsidiary of the charitable company.

Page 23