OpenCharities

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

2022-03-31-accounts

DocuSign Envelope ID: E8BD151C-D9CE-4501-9DC2-3B2752D09DC7

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 2022

DocuSign Envelope ID: E8BD151C-D9CE-4501-9DC2-3B2752D09DC7

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 - 5
Independent Examiner's Report 6
Statement of Financial Activities 7
Balance Sheet 8 - 9
Notes to the Financial Statements 10 - 24

DocuSign Envelope ID: E8BD151C-D9CE-4501-9DC2-3B2752D09DC7

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 2022

Trustees

Mr J Anthony Mr C Lucas Mr A Rooke

Company registered number

04343539

Charity registered number

1182924

Registered office

Unit 14 The Stottie Shed Baker's Yard Christon Road Gosforth Newcastle upon Tyne NE3 1XD

Accountants

Kinnair Associates Limited Chartered Accountants Aston House Redburn Road Newcastle upon Tyne NE5 1NB

Bankers

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

Page 1

DocuSign Envelope ID: E8BD151C-D9CE-4501-9DC2-3B2752D09DC7

BAPCO LIMITED

(A Company Limited by Guarantee)

TRUSTEES' REPORT FOR THE YEAR ENDED 31 MARCH 2022

The Trustees present their annual report together with the financial statements of the Charitable Company for the year 1 April 2021 to 31 March 2022. 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

BAPCO is a growing community with extensive knowledge in Public Safety information and communications technology because of our members' use and delivery of real-life public safety solutions. Members of the Association are share public safety and critical communications knowledge, learn and network at events, online through webinars, and via the Association quarterly magazine, The BAPCO Journal, and our website. This encourages innovation in developing technical solutions that help increase the speed and accuracy of critical communications. The Charity focuses on a range of specialist topics, from 999 Apps, to MAIT (a schema that enables emergency incident sharing between agencies) and the current and future UK critical communication infrastructure, Airwave and ESN. BAPCO is also a founding member of the Collaborative Coalition for International Public Safety.

This knowledge exchange is between emergency services, telecommunication and technology companies, the 999 Liaison Committee (hosted by the Department for Digital, Culture Media & Sport), and other government departments, including the Home Office and Department for Health & Social Care. The accreditation of 999 applications by BAPCO, on behalf of that committee, ensures that life-saving technology is effective in cutting response time of the emergency services and does not adversely impact delivery and handling of 999 emergency calls.

Achievements and performance

Main achievements of the Charitable Company

Increased knowledge sharing through steady growth in Public Sector Membership and higher levels of Corporate Membership. Support in the delivery of two major conferences in the year that each attracted over 1,800 delegates, providing opportunities to network in a “safe environment” and to share key learnings relating to the use of public safety technology and critical communications. The accreditation ad maintenance of four 999 Apps within the year.

Page 2

DocuSign Envelope ID: E8BD151C-D9CE-4501-9DC2-3B2752D09DC7

BAPCO LIMITED (A Company Limited by Guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

Achievements and performance (continued)

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 £362,434 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.

Financial review

Going concern

After making appropriate enquiries, the trustees are confident that the charity has adequate resources to continue in operational existence for the foreseeable future. Membership levels and the development of 999 applications have not been negatively impacted by COVID-19. 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 2022 were £733,909 (2021: £398,494).

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 and 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.

Page 3

DocuSign Envelope ID: E8BD151C-D9CE-4501-9DC2-3B2752D09DC7

BAPCO LIMITED (A Company Limited by Guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

Structure, governance and management (continued)

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. The number of Trustees is regularly reviewed to ensure appropriate skills and support are available to effectively manage the Charitable Company.

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. BAPCO is a member of the NCVO (National Council for Voluntary Organisations); all trustees attend annual trustee, leadership, and governance training, and, together, use the NCVO Governance Wheel, a tool which helps measure and develop charity governance and leadership.

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

Organisational structure and decision-making policies

The charity is managed by a Chief Operating Officer who is governed by the Trustees through full disclosure at Board of Trustee meetings. The day-to-day administration of BAPCO Limited is delivered by an external association management company.

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 2022/23 year and beyond supporting the Ian Thompson Bursary, an award in recognition of the late BAPCO Chief Executive. The bursary will fund the cost of travel, accommodation, and ancillary costs, to attend one of our partners’ conferences, with the recipient(s) expected to use the opportunity to focus on an aspect of their employment/studies that that will be seen as innovative to the critical communications industry. Nominees will either be in their first two to three years of employment in a public safety role or an apprentice in a public safety supplier; or studying towards achieving a position in the critical communications industry in the future.

BAPCO has partnerships with like-minded associations that provides benefit to members through greater depth of understanding of critical communications globally – the Trustees are seeking to strengthen our mutual relationships through Memorandum of Understandings with key international partners in the year ahead.

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.

Page 4

DocuSign Envelope ID: E8BD151C-D9CE-4501-9DC2-3B2752D09DC7

BAPCO LIMITED (A Company Limited by Guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

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 29 November 2022 and signed on their behalf by:

Mr J Anthony Trustee

Page 5

DocuSign Envelope ID: E8BD151C-D9CE-4501-9DC2-3B2752D09DC7

BAPCO LIMITED (A Company Limited by Guarantee)

INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 MARCH 2022

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 2022.

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

Since the Charitable Company's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.

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: 29 November 2022 Detlev Anderson FCA

Kinnair Associates Limited

Chartered Accountants

Page 6

DocuSign Envelope ID: E8BD151C-D9CE-4501-9DC2-3B2752D09DC7

BAPCO LIMITED

(A Company Limited by Guarantee)

STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2022

Note
Income from:
Donations and legacies
3
Charitable activities
4
Other income
5
Total income
Expenditure on:
Charitable activities
6
Total expenditure
Net income/(expenditure) before taxation
Taxation
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Net movement in funds
Total funds carried forward		 Unrestricted
funds
2022
£
362,434
45,037
127
407,598
87,980
87,980
319,618
15,797
335,415
398,494
335,415
733,909		 Total
funds
2022
£
362,434
45,037
127
407,598
87,980
87,980
319,618
15,797
335,415
398,494
335,415
733,909		 Total
funds
2021
£
86,715
27,452
-
114,167
139,805
139,805
(25,638)
-
(25,638)
424,132
(25,638)
398,494

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

The notes on pages 10 to 24 form part of these financial statements.

Page 7

DocuSign Envelope ID: E8BD151C-D9CE-4501-9DC2-3B2752D09DC7

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

BALANCE SHEET AS AT 31 MARCH 2022

Note
Fixed assets
Intangible assets
11
Tangible assets
12
Investments
13
Current assets
Debtors
14
Cash at bank and in hand
Creditors: amounts falling due within one
year
15
Net current assets
Total assets less current liabilities
Creditors: amounts falling due after more
than one year
16
Total net assets
Charity funds
Unrestricted funds
18
Total funds		 461,723
376,848
838,571
(114,143)		 2022
£
8,689
791
1
9,481
724,428
733,909
-
733,909
733,909
733,909		 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

Page 8

DocuSign Envelope ID: E8BD151C-D9CE-4501-9DC2-3B2752D09DC7

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

BALANCE SHEET (CONTINUED) AS AT 31 MARCH 2022

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 29 November 2022 and signed on their behalf by:

Mr J Anthony

Trustee

The notes on pages 10 to 24 form part of these financial statements.

Page 9

DocuSign Envelope ID: E8BD151C-D9CE-4501-9DC2-3B2752D09DC7

BAPCO LIMITED (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

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

After making appropriate enquiries, the trustees are confident that the charity has adequate resources to continue in operational existence for the foreseeable future. Membership levels and the development of 999 applications have not been negatively impacted by COVID-19. For this reason, they continue to adopt the going concern basis in preparing the 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 10

DocuSign Envelope ID: E8BD151C-D9CE-4501-9DC2-3B2752D09DC7

(A Company Limited by Guarantee)

BAPCO LIMITED

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

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:

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 11

DocuSign Envelope ID: E8BD151C-D9CE-4501-9DC2-3B2752D09DC7

BAPCO LIMITED (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

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 12

DocuSign Envelope ID: E8BD151C-D9CE-4501-9DC2-3B2752D09DC7

BAPCO LIMITED

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

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
2022 2022 2021
£ £ £
Donations from BAPCO (Trading) Limited 362,434 362,434 86,715

4. Income from charitable activities

Unrestricted
funds
2022
£
Income from charitable activities - Membership
33,900
Income from charitable activities - EU projects
-
Income from charitable activities - 999 App
10,250
EU project - grant clawback
887
45,037
Total 2021
27,452		 Total
funds
2022
£
33,900
-
10,250
887
45,037
27,452		 Total
funds
2021
£
19,537
665
7,250
-
27,452

Page 13

DocuSign Envelope ID: E8BD151C-D9CE-4501-9DC2-3B2752D09DC7

BAPCO LIMITED (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

5. Other incoming resources

Unrestricted Total Total
funds funds funds
2022 2022 2021
£ £ £
Interest on corporation tax refund 127 127 -

6. Analysis of expenditure on charitable activities Summary by fund type

Unrestricted
funds
2022
£
Membership
79,344
EU projects
-
999 App
8,636
87,980
Total 2021
139,805		 Total
2022
£
79,344
-
8,636
87,980
139,805		 Total
2021
£
124,997
1,868
12,940
139,805

7. Analysis of expenditure by activities

Membership
999 App		 Activities
undertaken
directly
2022
£
1,618
-
1,618		 Support
costs
2022
£
77,726
8,636
86,362		 Total
funds
2022
£
79,344
8,636
87,980

Page 14

DocuSign Envelope ID: E8BD151C-D9CE-4501-9DC2-3B2752D09DC7

BAPCO LIMITED (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

7. Analysis of expenditure by activities (continued)

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

Analysis of direct costs

Cost of attending events
Podcast costs
Project costs
Cost of attending events
Advertising, PR and promotional costs
Podcast costs
Webinar related costs
Commission on sponsorship		 Membership
2022
£
1,583
35
1,618
Membership
2021
£
944
126
1,633
4,003
1,250
655
8,611		 999 App
2022
£
-
-
-
999 App
2021
£
10
-
-
-
-
-
10		 Total
funds
2022
£
1,583
35
1,618
Total
funds
2021
£
954
126
1,633
4,003
1,250
655
8,621

Page 15

DocuSign Envelope ID: E8BD151C-D9CE-4501-9DC2-3B2752D09DC7

(A Company Limited by Guarantee)

BAPCO LIMITED

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

7. Analysis of expenditure by activities (continued)

Analysis of support costs

Staff costs
Depreciation
Association management support
Executive meeting costs
Insurance
IT costs
Car mileage
Travel expenses
Accommodation
Car parking
Legal and professional
Accountancy fees
Bank charges
Stationery and postage
Telephone and fax
Miscellaneous
Grant release
Intercompany recharges
Amortisation		 Membership
2022
£
3,200
244
49,698
278
1,012
6,568
455
382
601
33
27,140
2,070
1,018
135
297
775
(386)
(20,983)
5,189
77,726		 EU projects
2022
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 999 App
2022
£
279
21
4,322
24
88
571
40
33
52
3
2,360
230
88
12
26
70
(34)
-
451
8,636		 Total
funds
2022
£
3,479
265
54,020
302
1,100
7,139
495
415
653
36
29,500
2,300
1,106
147
323
845
(420)
(20,983)
5,640
86,362

Page 16

DocuSign Envelope ID: E8BD151C-D9CE-4501-9DC2-3B2752D09DC7

BAPCO LIMITED (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

7. Analysis of expenditure by activities (continued)

Analysis of support costs (continued)

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

Included above are governance costs amounting to £2,300 (2021: £3,040).

Page 17

DocuSign Envelope ID: E8BD151C-D9CE-4501-9DC2-3B2752D09DC7

BAPCO LIMITED

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

8. Independent examiner's remuneration

2022 2021
£ £
Fees payable to the Charitable Company's independent examiner for the
independent examination of the Charitable Company's annual accounts 475 455
Fees payable to the Charitable Company's independent examiner in
respect of:
Accountancy services 1,825 1,735
All other services not included above - 850

9. Staff costs

Wages and salaries
Social security costs
Contribution to defined contribution pension schemes		 2022
£
3,334
-
145
3,479		 2021
£
53,960
7
875
54,842

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

2022 2021
No. No.
Average number of employees 1 1

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 £32,979 (2021: £60,566). This also includes the consultancy fees detailed in note 10 below.

Page 18

DocuSign Envelope ID: E8BD151C-D9CE-4501-9DC2-3B2752D09DC7

BAPCO LIMITED

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

10. Trustees' remuneration and expenses

During the year, no Trustee received any remuneration or other benefits for their role as Trustee (2021 - £NIL) . Following the death of the former CEO, Ian Thompson, payments totalling £29,500 were made to J Anthony (Trustee) in respect of consultancy services supplied (2021: £7,500). 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.

During the year ended 31 March 2022, Trustee expenses totalling £2,553 (2021: £553) were reimbursed to 2 (2021: 2) Trustees. These expenses were for travel, mobile phone charges and broadband.

11. Intangible assets

Cost
At 1 April 2021
At 31 March 2022
Amortisation
At 1 April 2021
Charge for the year
At 31 March 2022
Net book value
At 31 March 2022
At 31 March 2021		 Computer
software
£
28,200
28,200
13,871
5,640
19,511
8,689
14,329

Page 19

DocuSign Envelope ID: E8BD151C-D9CE-4501-9DC2-3B2752D09DC7

BAPCO LIMITED (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

12.
Tangible fixed assets
Cost or valuation
At 1 April 2021
At 31 March 2022
Depreciation
At 1 April 2021
Charge for the year
At 31 March 2022
Net book value
At 31 March 2022
At 31 March 2021		 Office
equipment
£
1,413
1,413
357
265
622
791
1,056

Page 20

DocuSign Envelope ID: E8BD151C-D9CE-4501-9DC2-3B2752D09DC7

BAPCO LIMITED (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

13. Fixed asset investments

Cost or valuation
At 1 April 2021
At 31 March 2022		 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 Unit 14, The Stottie Shed Promotion of effective Baker's Yard communications for Christon Road public safety in the Gosforth general and in the Newcastle upon Tyne public safety services. NE3 1XD Class of Holding shares Ordinary 100%

The financial results of the subsidiary for the year were:

Name Income Expenditure Profit for Net assets
£ £ the period £
to 31 March
2021
£
BAPCO (Trading) Limited 385,736 385,735 1 1

Page 21

DocuSign Envelope ID: E8BD151C-D9CE-4501-9DC2-3B2752D09DC7

BAPCO LIMITED

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

14. Debtors

Due within one year
Trade debtors
Amounts owed by group undertakings
Other debtors
Prepayments and accrued income		 2022
£
32,620
414,986
2,108
12,009
461,723		 2021
£
11,640
151,076
1,558
1,471
165,745

15. Creditors: Amounts falling due within one year

Trade creditors
Other taxation and social security
Pension fund loan payable
Other creditors
Accruals and deferred income		 2022
£
14,193
2,911
445
83,643
12,951
114,143		 2021
£
9,257
2,170
-
47,182
97,332
155,941

16. 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		 2022
£
-
2022
£
376,848		 2021
£
350
2021
£
373,654

17. Financial instruments

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

Page 22

DocuSign Envelope ID: E8BD151C-D9CE-4501-9DC2-3B2752D09DC7

BAPCO LIMITED

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

18. Statement of funds Statement of funds - current year

Balance at
Balance at 1 31 March
April 2021 Income Expenditure Taxation 2022
£ £ £ £ £
Unrestricted funds
General Funds 398,494 407,598 (87,980) 15,797 733,909
19. Summary of funds Summary of funds
Summary of funds - current year
Balance at
Balance at 1 31 March
April 2021 Income Expenditure Taxation 2022
£ £ £ £ £
General funds 398,494 407,598 (87,980) 15,797 733,909

20. Analysis of net assets between funds Analysis of net assets between funds - current year

Unrestricted
funds
2022
£
Tangible fixed assets
791
Intangible fixed assets
8,689
Fixed asset investments
1
Current assets
838,571
Creditors due within one year
(114,143)
Total
733,909		 Total
funds
2022
£
791
8,689
1
838,571
(114,143)
733,909

Page 23

DocuSign Envelope ID: E8BD151C-D9CE-4501-9DC2-3B2752D09DC7

BAPCO LIMITED

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

21. 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 £145 (2021 - £875). There were no amounts payable to the fund at the balance sheet date (2021: £nil).

22. Related party transactions

In the period, a donation of £362,434 (2021: £86,715) was received from BAPCO (Trading) Limited, a wholly owned subsidiary of the charitable company.

Page 24