DocuSign Envelope ID: E3EE6551-0BD7-4AB4-9C6D-0EFAA70A26F1
**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 2023**
DocuSign Envelope ID: E3EE6551-0BD7-4AB4-9C6D-0EFAA70A26F1
## **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: E3EE6551-0BD7-4AB4-9C6D-0EFAA70A26F1
**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 2023**
## **Trustees**
Mr J Anthony Ms R S Jones (appointed 25 May 2022) Mr D A Keen (appointed 25 May 2022)
Mr C Lucas Mr A Rooke (resigned 30 June 2023)
## **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: E3EE6551-0BD7-4AB4-9C6D-0EFAA70A26F1
## **BAPCO LIMITED**
## **(A Company Limited by Guarantee)**
## **TRUSTEES' REPORT FOR THE YEAR ENDED 31 MARCH 2023**
The Trustees present their annual report together with the financial statements of the Charitable Company for the year from 1 April 2022 to 31 March 2023. 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 arising because of our members' use and delivery of real-life public safety solutions. Members of the Association 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 scheme 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.
Page 2
DocuSign Envelope ID: E3EE6551-0BD7-4AB4-9C6D-0EFAA70A26F1
## **BAPCO LIMITED (A Company Limited by Guarantee)**
## **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023**
## **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 and maintenance of four 999 Apps within the year. Investment of funds over and above those needed for day-to-day operations to further support for our charitable aims in the future.
The Trustees consider the financial position of the Charity and its subsidiary company to be satisfactory with adequate resources to achieve future objectives.
## **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 £nil (2022: £362,434) to the Charitable Company in the year under gift aid. The subsidiary expects to make a gift aid donation of £199,200 before 31 December 2023 in respect of the year ended 31 March 2023. 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 2023 were £582,002 (2022: £733,909).
The Board of Trustees have agreed it is necessary to maintain a level of reserves to cover the administration costs. The Board consider that the appropriate level of reserves should be approximately £150k. 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.
Page 3
DocuSign Envelope ID: E3EE6551-0BD7-4AB4-9C6D-0EFAA70A26F1
## **BAPCO LIMITED**
## **(A Company Limited by Guarantee)**
## **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023**
## **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.
## **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.
Page 4
DocuSign Envelope ID: E3EE6551-0BD7-4AB4-9C6D-0EFAA70A26F1
## **BAPCO LIMITED (A Company Limited by Guarantee)**
## **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023**
## **Plans for future periods**
In addition to the continuing activities referred to earlier in this Report, the Trustees plan to continue spending funds 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.
## **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 year. 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:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles of the Charities SORP (FRS 102);
- make judgments and accounting estimates that are reasonable and prudent;
- state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Charitable Company will continue in business.
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 25 September 2023 and signed on their behalf by:
**Mr C Lucas** Trustee
Page 5
DocuSign Envelope ID: E3EE6551-0BD7-4AB4-9C6D-0EFAA70A26F1
## **BAPCO LIMITED (A Company Limited by Guarantee)**
## **INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 MARCH 2023**
## **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 2023.
## **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: 25 September 2023 Detlev Anderson FCA
**Kinnair Associates Limited** Chartered Accountants
Page 6
DocuSign Envelope ID: E3EE6551-0BD7-4AB4-9C6D-0EFAA70A26F1
## **BAPCO LIMITED**
## **(A Company Limited by Guarantee)**
## **STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2023**
|**Note**
**Income from:**
Donations and legacies
3
Charitable activities
4
Other income
5
**Total income**
**Expenditure on:**
Charitable activities
6
**Total expenditure**
**Net (expenditure)/income before taxation**
Taxation
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
Net movement in funds
**Total funds carried forward**|**Unrestricted**
**funds**
**2023**
**£**
**-**
**79,508**
**-**
**79,508**
**231,415**
**231,415**
**(151,907)**
**-**
**(151,907)**
**733,909**
**(151,907)**
**582,002**|**Total**
**funds**
**2023**
**£**
**-**
**79,508**
**-**
**79,508**
**231,415**
**231,415**
**(151,907)**
**-**
**(151,907)**
**733,909**
**(151,907)**
**582,002**|_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_|
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.
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DocuSign Envelope ID: E3EE6551-0BD7-4AB4-9C6D-0EFAA70A26F1
## **BAPCO LIMITED (A Company Limited by Guarantee) REGISTERED NUMBER: 04343539**
## **BALANCE SHEET AS AT 31 MARCH 2023**
|**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**
**Total net assets**
**Charity funds**
Unrestricted funds
17
**Total funds**|**83,567**
**648,593**
**732,160**
**(156,181)**|**2023**
**£**
**6,022**
**-**
**1**
**6,023**
**575,979**
**582,002**
**582,002**
**582,002**
**582,002**|_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_|
Page 8
DocuSign Envelope ID: E3EE6551-0BD7-4AB4-9C6D-0EFAA70A26F1
# **BAPCO LIMITED (A Company Limited by Guarantee) REGISTERED NUMBER: 04343539**
# **BALANCE SHEET (CONTINUED) AS AT 31 MARCH 2023**
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 25 September 2023 and signed on their behalf by:
**Mr C Lucas**
Trustee
The notes on pages 10 to 24 form part of these financial statements.
Page 9
DocuSign Envelope ID: E3EE6551-0BD7-4AB4-9C6D-0EFAA70A26F1
**BAPCO LIMITED (A Company Limited by Guarantee)**
**NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023**
## **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.
Other income is recognised in the period in which it is receivable and to the extent the goods have been provided or on completion of the service.
## **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: E3EE6551-0BD7-4AB4-9C6D-0EFAA70A26F1
**(A Company Limited by Guarantee)**
## **BAPCO LIMITED**
**NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023**
## **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:
Patents - 10 years 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:
- Fixtures and fittings 4 years straight line
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DocuSign Envelope ID: E3EE6551-0BD7-4AB4-9C6D-0EFAA70A26F1
**BAPCO LIMITED (A Company Limited by Guarantee)**
**NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023**
## **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.
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DocuSign Envelope ID: E3EE6551-0BD7-4AB4-9C6D-0EFAA70A26F1
## **BAPCO LIMITED**
## **(A Company Limited by Guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023**
## **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_|
||**2023**|**2023**|_2022_|
||**£**|**£**|_£_|
|Donations from BAPCO (Trading) Limited|-|**-**|_362,434_|
## **4. Income from charitable activities**
|**Unrestricted**
**funds**
**2023**
**£**
Income from charitable activities - Membership
79,508
Income from charitable activities - 999 App
-
EU project - grant clawback
-
79,508
_Total 2022_
_45,037_|**Total**
**funds**
**2023**
**£**
**79,508**
**-**
**-**
**79,508**
_45,037_|_Total_
_funds_
_2022_
_£_
_33,900_
_10,250_
_887_|
|---|---|---|
|||_45,037_|
||||
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DocuSign Envelope ID: E3EE6551-0BD7-4AB4-9C6D-0EFAA70A26F1
## **BAPCO LIMITED (A Company Limited by Guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023**
## **5. Other incoming resources**
||**Total**|_Total_|
|---|---|---|
||**funds**|_funds_|
||**2023**|_2022_|
||**£**|_£_|
|Interest on corporation tax refund|**-**|_127_|
## **6. Analysis of expenditure on charitable activities**
## **Summary by fund type**
|**Unrestricted**
**funds**
**2023**
**£**
Membership
231,415
999 App
-
231,415
_Total 2022_
_87,980_
**Analysis of expenditure by activities**
**Activities**
**undertaken**
**directly**
**2023**
**£**
Membership
113,391|**Total**
**2023**
**£**
**231,415**
**-**
**231,415**
_87,980_
**Support**
**costs**
**2023**
**£**
118,024|_Total_
_2022_
_£_
_79,344_
_8,636_|
|---|---|---|
|||_87,980_|
|||**Total**
**funds**
**2023**
**£**
**231,415**|
## **7. Analysis of expenditure by activities**
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DocuSign Envelope ID: E3EE6551-0BD7-4AB4-9C6D-0EFAA70A26F1
## **BAPCO LIMITED**
## **(A Company Limited by Guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023**
## **7. Analysis of expenditure by activities (continued)**
|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_|
## **Analysis of direct costs**
|Cost of attending events
Journal costs
Bursaries and awards
Podcast costs
Commission on sponsorship|**Membership**
**2023**
**£**
37,589
50,000
4,198
-
21,604
113,391|**Total**
**funds**
**2023**
**£**
**37,589**
**50,000**
**4,198**
**-**
**21,604**
**113,391**|_Total_
_funds_
_2022_
_£_
_1,583_
_-_
_-_
_35_
_-_
_1,618_|
|---|---|---|---|
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DocuSign Envelope ID: E3EE6551-0BD7-4AB4-9C6D-0EFAA70A26F1
## **BAPCO LIMITED (A Company Limited by Guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023**
## **7. Analysis of expenditure by activities (continued)**
## **Analysis of support costs**
|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
Loss on disposal of assets
Amortisation|**Membership**
**2023**
**£**
44,459
198
2,892
57,730
4,095
1,750
8,767
812
214
607
49
5
13,438
2,650
293
158
361
2,517
(350)
(28,844)
593
5,630
118,024|**999 App**
**2023**
**£**
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-|**Total**
**funds**
**2023**
**£**
**44,459**
**198**
**2,892**
**57,730**
**4,095**
**1,750**
**8,767**
**812**
**214**
**607**
**49**
**5**
**13,438**
**2,650**
**293**
**158**
**361**
**2,517**
**(350)**
**(28,844)**
**593**
**5,630**
**118,024**|
|---|---|---|---|
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DocuSign Envelope ID: E3EE6551-0BD7-4AB4-9C6D-0EFAA70A26F1
## **BAPCO LIMITED (A Company Limited by Guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023**
## **7. Analysis of expenditure by activities (continued)**
## **Analysis of support costs (continued)**
|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_|_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_|
|---|---|---|---|
Included above are governance costs amounting to £2,650 (2022: £2,300).
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DocuSign Envelope ID: E3EE6551-0BD7-4AB4-9C6D-0EFAA70A26F1
## **BAPCO LIMITED**
## **(A Company Limited by Guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023**
## **8. Independent examiner's remuneration**
||**2023**|_2022_|
|---|---|---|
||**£**|_£_|
|Fees payable to the Charitable Company's independent examiner for the|||
|independent examination of the Charitable Company's annual accounts|**510**|_475_|
|Fees payable to the Charitable Company's independent examiner in|||
|respect of:|||
|Accountancy services|**1,965**|_1,825_|
|All other services not included above|**175**|_-_|
## **9. Staff costs**
|Wages and salaries
Contribution to defined contribution pension schemes|**2023**
**£**
**40,935**
**3,524**
**44,459**|_2022_
_£_
_3,334_
_145_|
|---|---|---|
||||
|||_3,479_|
The average number of persons employed by the Charitable Company during the year was as follows:
||**2023**|_2022_|
|---|---|---|
||**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 £55,459 (2022: £32,979). This also includes the consultancy fees detailed in note 10 below.
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DocuSign Envelope ID: E3EE6551-0BD7-4AB4-9C6D-0EFAA70A26F1
**BAPCO LIMITED (A Company Limited by Guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023**
## **10. Trustees' remuneration and expenses**
During the year, no Trustee received any remuneration or other benefits for their role as Trustee _(2022 - £NIL)_ .
Following the death of the former CEO, Ian Thompson, payments totalling £11,000 were made to Tenacity Insight Ltd. for services provided by J Anthony (Trustee) in respect of consultancy services supplied (2022: £29,500). Tenacity Insight Ltd. is owned by J Anthony. Having received the appropriate declarations of interest in the transaction from J Anthony, the Board initially 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, but subsequently decided to continue payments to the company for consultancy services provided J Anthony's role as president.
During the year ended 31 March 2023, Trustee expenses totalling £18,055 (2022: £2,553) were reimbursed to 3 (2022: 2) Trustees. These expenses were for travel, mobile phone charges and broadband.
## **11. Intangible assets**
|**Cost**
At 1 April 2022
Additions
At 31 March 2023
**Amortisation**
At 1 April 2022
Charge for the year
At 31 March 2023
**Net book value**
At 31 March 2023
_At 31 March 2022_|**Patents**
**£**
**-**
**2,963**
**2,963**
**-**
**247**
**247**
**2,716**
_-_|**Computer**
**software**
**£**
**28,200**
**-**
**28,200**
**19,511**
**5,383**
**24,894**
**3,306**
_8,689_|**Total**
**£**
**28,200**
**2,963**|
|---|---|---|---|
||||**31,163**|
||||**19,511**
**5,630**|
||||**25,141**|
||||**6,022**|
||||_8,689_|
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DocuSign Envelope ID: E3EE6551-0BD7-4AB4-9C6D-0EFAA70A26F1
## **BAPCO LIMITED (A Company Limited by Guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023**
## **12. Tangible fixed assets**
|At 1 April 2022
Disposals
At 31 March 2023
At 1 April 2022
Charge for the year
On disposals
At 31 March 2023
**Net book value**
At 31 March 2023
_At 31 March 2022_|**Office**
**equipment**
**£**
**1,413**
**(1,413)**
**-**
**622**
**198**
**(820)**
**-**
**-**
_791_|
|---|---|
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DocuSign Envelope ID: E3EE6551-0BD7-4AB4-9C6D-0EFAA70A26F1
## **BAPCO LIMITED (A Company Limited by Guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023**
## **13. Fixed asset investments**
|**Cost or valuation**
At 1 April 2022
At 31 March 2023|**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 year to**|**£**|
||||**31 March**||
||||**2023**||
||||**£**||
|BAPCO (Trading) Limited|**295,544**|**96,272**|**199,272**|**199,204**|
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DocuSign Envelope ID: E3EE6551-0BD7-4AB4-9C6D-0EFAA70A26F1
## **BAPCO LIMITED**
## **(A Company Limited by Guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023**
## **14. Debtors**
|**Due within one year**
Trade debtors
Amounts owed by group undertakings
Other debtors
Prepayments and accrued income|**2023**
**£**
**46,231**
**29,515**
**-**
**7,821**
**83,567**|_2022_
_£_
_32,620_
_414,986_
_2,108_
_12,009_|
|---|---|---|
||||
|||_461,723_|
## **15. Creditors: Amounts falling due within one year**
|Trade creditors
Other taxation and social security
Pension creditor
Other creditors
Accruals and deferred income|**2023**
**£**
**67,086**
**3,298**
**2,528**
**6,797**
**76,472**
**156,181**|_2022_
_£_
_14,193_
_2,911_
_445_
_83,643_
_12,951_|
|---|---|---|
||||
|||_114,143_|
Included in accruals and deferred income above are deferred corporate membership subscriptions totalling £73,792 (2022: £8,300) relating to subscriptions invoiced in advance at the year end.
## **16. Financial instruments**
||**2023**|_2022_|
|---|---|---|
||**£**|_£_|
|**Financial assets**|||
|Financial assets measured at fair value through income and expenditure|**648,593**|_376,848_|
Financial assets measured at fair value through income and expenditure comprise bank balances.
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DocuSign Envelope ID: E3EE6551-0BD7-4AB4-9C6D-0EFAA70A26F1
## **BAPCO LIMITED (A Company Limited by Guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023**
|**17.**
**Statement of funds**
**Statement of funds - current year**
**Balance at 1**
**April 2022**
**£**
**Unrestricted funds**
General Funds
**733,909**
**18.**
**Summary of funds**
**Summary of funds - current year**
**Balance at 1**
**April 2022**
**£**
General funds
**733,909**
**19.**
**Analysis of net assets between funds**
**Analysis of net assets between funds - current year**
Intangible fixed assets
Fixed asset investments
Current assets
Creditors due within one year
**Total**|**Income**
**£**
**Expenditure**
**£**
**79,508**
**(231,415)**
**Income**
**£**
**Expenditure**
**£**
**79,508**
**(231,415)**
**Unrestricted**
**funds**
**2023**
**£**
6,022
1
732,160
(156,181)
582,002|**Balance at**
**31 March**
**2023**
**£**
**582,002**
**Balance at**
**31 March**
**2023**
**£**
**582,002**
**Total**
**funds**
**2023**
**£**
**6,022**
**1**
**732,160**
**(156,181)**
**582,002**|
|---|---|---|
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DocuSign Envelope ID: E3EE6551-0BD7-4AB4-9C6D-0EFAA70A26F1
## **BAPCO LIMITED**
**(A Company Limited by Guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023**
## **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 £3,524 (2022 - £145). An amount of £2,528 was payable to the fund at the balance sheet date (2022: £nil).
## **21. Related party transactions**
In the period, a donation of £nil (2022: £362,434) and intercompany recharges of £28,844 (2022: £20,983) were received from BAPCO (Trading) Limited, a wholly owned subsidiary of the charitable company.
Page 24