Charl Re Istration 0-032866 THE BACTA CHARITABLE TRUST Trustees, Report and Financial Ststements For the Year Ended 30 June 2024
THE BACTA CHARITABLE TRUST Contents Paga Trustees. Officers and Registered Office.. Trustees, Report Statement of Trustees, ResponslbS1ilies Independent Examinerfs Report Statement of Financial Activities Balance Sheet Notes to the Accounts 9- 12
THE BACTA CHARITABLE TRUST Trustees, Officers and Registered Office TRUSTEES S. Hawkins M. Homood J. Lauder J. While J. Miller J. Stergidies N. Harding Chief Execlutive until June 2024 CLERK TO TRUSTEES J. White R. Gibb to June 2024 from 1 July 2024 ATTENDEES C. Haley G. Wood J Bollom R Gibb Treasurer until reslgnalSon July 2023 President until resignation July 2023 President from appointment July 2023 Bacla Executive Director- Commercial REGISTERED OFFICE 29-30 Ely Place London EC1N 6TD INDEPENDENT EXAMINER Moore Kingston Smith 9 Appold Street London EC2A 2AP Page.. 1
THE BACTA CHARITABLE TRUST Trustees. Report The Trustees submit thelr Report and the Accounts ofth8 Trust for the year ended 30 June 2024. Trust Objects and actlvltles for the Publlc B8noflt The Trust was eslabllshed and is governed by Its trust deed dated 16 M8y 1990, wilh the latest amendment being 16 October 2014, (Charity Registration Number 3286681 lo help people in the United Kingdom in need, hardship or distress as a result of local, national or international disaster or by their social and economic circumstances. At their discretion, the trustees can make grants for any othèr charitable purposes for the general benefit of the inhabitants of the United Whilst the trust mainly supports Rays of Sunshine, il also supports other charllies on an ad hoc basis via requests made lo the Iruslees, in line with the above objectives. In the year the trust has raised £46,627 (2023.. £35.439}. The trustees believe that they have complied with the duty in Section 17 of the Charilles Act 2011 to have due regard lo the Charity Commission public benefit guidance. Charlty organSsatlon and declglon makSng The Trust is administered by Brltish Amusement C8lerlng Trades Assoclation, known as BACTA. The trustees of the Charity are all active members of BACTA and have sole decision making power5 for the Trust. The trustees meet regularly lo make decislons regarding fund raising actlvlt16s and the granting of funds lo charilable organisalions. The Irustees support applications from organisalions which provide an opportunlty for the Trust to offer significant longer term support (usually 2 to 3 years) lo a specific project or Charity. The Trust will also make one-off donations lo worthy causes. Favour is shown to those sponsored by a BACTA member or reglon. Relallonshlp wlth BACTA The Trust galns great benefit from ils close relationship with BACTA. It is administered by the staff of BACTA and ils fundraising comes entirely from the membership of BACTA, who support the events and initiatives of the Trust. Fundralslng obJe¢tlves and achlevements agalnst ObctIveS The Trust has no specific fundraising largels for ils unrestricted funds, but continues lo raise sums for specific projects and charitable organisalions supported by the Trust. Page.. 2
THE BACTA CHARITABLE TRUST Trustees, Report (Continued) In the financial year to 30 June 2024 amounts under restricted funds were collected to the value of £53,352 12023.. £17,649). These amount5 relate lo charitable events where the amounts raised are for specific purposes. Rlsk Assessment by Trustees Al present, no financial commitments are made by the Trust before funds are available to satisfy those commilmenls. The Truslees believe that at present there are no Significant risks. Results and Revlew of the Year The surplus for the year was £35,548 (2023.. £28,983). The TIu5tees would like to thank all the employ6es of BACTA who have given their servlces lo enable the Trust to continue ils activities during the year. Whllst the trust mainly supports Rays of Sunshine, It also support5 olher charltles on an ad hoc basls vla requests made to the trustees, in line with the above objectives. Grant4naklng Pollcy The trust makes grants to ¢harilles who are UK registered and supported by one or more BACTA Members. Reserves Pollcy 11 is the Trust's policy to spend as much as possible on ils charitable activities and hence maintaln minimal reseNès. 11 is able lo do this as the charity has minimal overheads or contracts lo which it is commilled. At the year end the Trust had unreslricled reserves of £55,37912023: £44,219} 8nd restricted free reseNes of £24.93812023.' £550). The Trustees aim lo donate this money in the forthcoming year, subject to appropriate donees being identified. Method of AppoSntment of Trustees Six members of BACTA or such other number as the Trustees may from tlme lo Ilme unanimously agree shall be appointed al the Annual General Meeting of BACTA and shall hold office for thé pèriod of one year and are eligible for re-election. Page.. 3
THE BACTA CHARITABLE TRUST Trustees, Report (Continued) Inductlon and Tralnlng of Trustee8 New Trustees are expected to attend Trust Meetings b8fore they become Trustees and are given sufficient background information on the Trust and their responsibilities as Trustees to ensure they are able to fulfil their obligations. Existing Trustees are apprised of any changes to relevant legislation or to duties expected of them. Use of Volunteor8 Whilst Ihe Trust does not make use of volunteers, it benefits significantly in terms of time, activities and resources donated by BACTA as described above. It is estimated that this benefits the Trust by an amount in the region of £1,750 per month. Trustee8 The Trustees who served during the year were as follow5., S Ha1n$ M. Horwood J. Lauder J. Slergidies J. While J. Miller N. Harding Resigned 30 June 2024 By Order of the Trust S. Hawkln8- C alr an Date.'1211212024 Page. 4
THE BACTA CHARITABLE TRUST Statement of Trustees, Responsibilities The trustees are responsible for preparing the Trustees, Report and the finanaal statements in accordance with applicable law and United lQngdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The law applicable lo charities in England and Wales requires the trustees to prepare financial slalement$ for each financial year which give a true and fair view of the state of the affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements. the trustees are required to.. il select suitable accounting policies and then apply them consislenlly., li} observe the methods and principles in the Charities SORP. iiil m8ke judgements and eslimales that are reasonable and prudent,, iv) Stale whether applicable accounting standards have been followed subject lo any material departures disclosed and explained in the financial Statements. vl prepare the financial slalements on the going conrn basis unléss it is inappropriate to presume that the Charity will continue in business. The Iruslees are responsibl8 for keeping proper accounting records that disclose wlh reasonable accuracy at any time the financial position of the ¢harity and enable them lo ensure that the financial statements comply with the Chariti&s Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are a150 responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Page.. 5
Independent Examiner's Report to the Trustees of THE BACTA CHARITABLE TRUST I report on the accounts of The BACTA Charitable Trust for the year ended 30 June 2024, which comprise th8 Statement of Financial Activities. Balance Sheet and related notes. Rè8pectlve ResponslbllltSe8 of Trustees and Examlner The charity's trustees are responsible for the preparation of the accounts. The charity's trustee5 consider that an audit is not required for this year under section 144121 of the Charities Act 2011 Ithe 2011 Acl} and that an independent èxamination is needed. It is my responsibility to.. examine the accounts under sèction 145 of the 2011 Act., to follow the procedures laid down in the general Directions given by the Charity Commission under section 14515)Ibl of the 2011 Act, and to stale whether particular mallers have come lo my attention. Basls of Indepèndent Examlnerfs Report My examination was carried out in ac¢ordance with the General Dir8Ctions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity, and a comparison of the accounts presented with those records. 11 also includes consideration of any unusual items or disclosures in the accounts, and sèeking explanations from you as trustees concerning any such mallers. The protsdures undertaken do not provide all the evidence that would be required in an audit, and cons8quently no opinion is given as to whether the accounts present a 'trué and fair view and the report is limited to those matters sel out below. Independent Examlner's Statement In accordance with my examination, no matter has come to my allenbon.. 111 thich gives me reasonable causé to believe that in any material respect the requirements lo keep accounb'ng records in accordance wth section 130 01 the 2011 Act, and lo prepare accounts which accord with the accounting record5 and to comply wth the accounting requirements of the 2011 Act have not been mel". or (21 to which. in my opinion, att&nlion should be drawn in order to enable a proper understanding of the accounts to be reached. WWIQ L LL¢. Jonathan Alkens For and on behalf of Moore King8ton Smlth LLP Chartered Accountants 9 Appld Street London EC2A 2AP Oale. 18 March 2025 Page.. 6
THE BACTA CHARITABLE TRUST ststement of Financial Activltles and Income and Expenditure Account For the year ended 30 June 2024 Unrestrlcted Restrlcted Funds Funds 2024 Unrestrlcted Re8trlcted Total Funds Funds 2023 Total INCOME Income from.. Noles Donations Gift in Kind Investments.. Interest 57,965 53,352 111,317 3,060 63,239 3,000 17,649 80,888 674 874 164 164 TOTAL INCOME 61,699 53,352 115,051 66,403 17,649 84,052 EXPENDITURE Expenditure on.. Charitable a¢tivilies 50,539 28,964 79,503 37,420 17,649 55,C69 TOTAL EXPENDITURE $0,539 28,964 79,503 37,420 17,649 55,C69 TranBfèr8 NET MOVEMENT IN FUNDS 11,160 24,388 35,548 28,983 28,983 BROUGHT FORWARD 44,219 550 44,769 15,236 550 15,786 TOTAL FUNDS CARRIED FORWARD 55,379 24,938 80,317 44,219 550 44,769 All amounts relate lo continuing operations. The notes on pages 9-12 form part of these Financial Statements. Page. 7
THE BACTA CHARITABLE TRUST Balance Sheet As at 30 June 2024 30 June 2024 30 June 2023 Notes Current A880t8 Debtors Cash at bank 10,750 69,567 20,192 24,577 Total Current Asset8 80.317 44,789 Llabllltles Creditor5.' Amount falling due within one yeai Total Net A888t8 80,317 44,769 The Funds of tho Charlty Restricted Income Funds Unreslricled Funds 24,938 55,379 550 44,219 Total Charlty Fund8 80,317 44,769 The notes on pa9es 9-12 form part of these Financial Statements. Approved by the Trustees and au orised for issue on'.1211212024 S. Hawklns- Chalrman Page: 8
THE BACTA CHARITABLE TRUST Notes to the Financial Statements For the year ended 30 June 2024 Accountlng Pollcles (al Ba818 of Preparatlon The financial statements have been prepared in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 1021. The Charity is a public benefil entity for the purposes of FRS 102 and has therefore also prepared ils financial statements in accordance with the Statement of Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (The FRS 102 Charities SORP), published 16 July 2014, and the Charities A¢1 2011. The financial statements are prepared In sterling, which is the functional currency of the charlty. Monetary amounts in these financial statem8nts are rounded to the nearest pound. {b) Golng concarn The trustèes have assessed whether the use of the going concern basis is appropriate and have considered possiblè events or conditions that might cast significant doubl on the ability of the charity to continue as a goin9 concèrn. The trustees have made this assessment for a period of al least one year from thè date of approval of the financial stalemenls. Given that grant expenditure is not approved until there Is an equivalenl amount of income. the Iruslees have concluded that there is a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. The charity therefore continues lo adopt the golng concern basis In DreDarino Its financial statements. Ic) Recognltlon of Income Donations are recorded as income when received or, if not received, where there Is evidence of entitlement, receipt is probable and the amount can be measured reliably. Where the Trust has received nolificalion before the end of the financial year of amounts raised on ils behalf through fundraising events, organised by third parties, this income is recognised in the financial slatemenls. Interest income is recorded in the financial statement on a recelvable basis as are all other IvDes of Id) Charltable grants Charitable grants are charged to expenditure when approved by the Trustees and communicated to the beneficiari8S. (el Other expendlture Other expenditure is charged to the Slalemenl of Financlal Activities on an accruals basis. ID Funds Unreslricled funds are those funds which can be used in accordance with the charitable obje¢ts at the discretion of the trustees. Restricted fvnds represent donalions which the Trust has received for speGifi¢ purposes. Ig) Expendlture on ralslng funds These are costs incurred in inducing others to make gifts lo the Charity or for organising events. Page.. 9
THE BACTA CHARITABLE TRUST Notes to the Flnancial Statements For the year ended 30 June 2024 {Continued) (h) Expendlture on charitable actlvitles These are the costs incurred in carrying oul activities lo further the objects of the Charity. {1> Governance costs This includes all costs of conslitutional and statutory requirements. Ul Cash and cash equivalont Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-lerm liquid investments with original maturities of three months or less. (k) Flnanclal Instruments Basic financial instruments are measured at amortised cost. The company has no other financial inslrLJmenls or basic financial instruments measured al fair value. 2. Expendlture on Charltable actlvltle8 Unrestrlcted Restrlcted 2024 Totsl Funds Funds 2023 Total Charitable grants made in the year ended 30 June 2024 were.. Cystic Fibrosls Rays of Sunshine MS Society Bas5Qtlaw Hospice Molor Neuron Disease 2,000 20,000 2,000 46,627 26,627 35,439 2,000 4,210 2,337 2,000 2,337 4,674 2,000 26,337 28,964 55,301 41,649 Support C05ts- see below Governance Costs {Nole 31 21,142 3,060 21,142 3,060 10,420 3,000 24,202 24,202 Total Charit8ble activities 50,539 28,964 79,503 55.069 Supporl costs consists of bank charges totalling £24212023.. £2281, Foresl of Arden Marriot £12,400 12023.'£12,3181, Sway band deposit £6,50012023'.£Nill, and Moore Park Golf Day £2,00012023.' £2,400). The whole of these amounts have been allocatèd to Chari18ble activities. 3. Governance costs 2024 2023 Independenl examinels fee 3,060 3,000 Page.'10
THE BACTA CHARITABLE TRUST Notes to the Financial Statements For the year ended 30 June 2024 (Continued) 4. Trustees. remuneration and staff costs The trustees are considered lo be key management personnel. None of the Trustees rèceived any remunerats'on or expenses in réspect of their services in the current year or prior year. The charity has no employees12023'. nill. 5. Debtor8 2024 2023 BACTA 10,750 20,192 6. Credllor8 2024 2023 Accruals 7. Funds Analy818 2024 2024 Rgstrlcted Unrestrlcted Fund8 Funds 2024 Total 2023 Total Debtors Cash Creditors 10,750 69,017 10,750 69,567 20,192 24,577 550 Total 550 79,767 80,317 44,769 Page.11
THE BACTA CHARITABLE TRUST Notes to the Flnancial Statements For the year ended 30 June 2024 (Continued) 8. Restrlcted Funds Brought Forward 1 July 23 Carrled Forward 30 June 24 Income Expendlture Transfers Park Avenue (Open Dayl {11 Rays of Sunshine121 Bassetlaw Hospicè {31 Southern Region14) 550 550 28 26,655 2.337 24,380 126,6271 12,3371 24,360 Total 550 53,352 28,964 24,938 Brought Forward 1 July 22 Carrled FoThvard 30 June 23 Income Expendlture Transfers Park Avenue (Open Day)111 Rays of Sunshine {2) Bassetlaw Hospice13} 550 550 15,439 2,210 (15,439) 12,210) Total 550 17,649 17,649 550 1- Park Avenue Open Day relates to a BACTA member, Eleclrocoin, which ralses funds for good causes. 2- Rays of Sunshine is the Trust's Charity Partner, these funds are raised exclusively for this charity. 3- Bassellaw Hospice provides palliative care and support at their hospice in Nottinghamshire 4 - Southern Region represents a subset of BACTA members. Funds raised and donated by these members are restricted for charitable causes of their determination. 9. Related partles The Trust is considered to be a related paty of BACTA as they share administrative staff and management and a number of BACTA officers are also Trustees. Al 30 June 2024 an amount of £10,750 Was owed from BACTA to the Trust (2023.. £20,192). Page.12