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Annual Report & Accounts
For the Year End 31 March 2024
dogflud way, farnham, surrey gu9 7ud —_‘t.01252 727087 e.info@40degreez.org.uk | www.4Qdegreez.org.uk Registered charity number: 1000823
Annual Report of the[Trustees]
The trustees present their report together with the accounts for the year ended 31 March 2024. The accounts have been prepared in accordance with the Charity’s trust deed and Government guidelines for small charities.
Structure, governance and management
The charity is a trust constituted under a trust deed dated 24 September 1990 as amended by Deeds of Variation dated 11 June 2003 and 24 March 2004. Current trustees are:
Ivan Taras Borszcz (Chair) Dr Peter Graham Marriot Nabeel Nasir David John Munro Stewart Dakers New trustees are appointed by the existing trustees as necessary.
Objectives and Activities
The objectives of the charity are to:
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Help young people living within the Farnham area particularly those aged between 15 and 25 years, especially but not exclusively through leisure time activities to develop their physical, mental and spiritual capacities that they may grow to full maturity as individuals and members of society and that their condition of life may be improved.
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The project shall be non-party in politics, and non-sectarian in religion and shall support the principle of equal opportunity.
The trustees are responsible for controlling the work, management and administration of the charity and ensure that the activities provide improving youth services and facilities to the young people, including children and people with disabilities in Farnham and surrounding areas, and assisting social inclusion through education, training and amateur sport. The facilities include providing building, open space and advocacy, advice and information as necessary. The charity does not own the building but leases the property.
Achievementsand Performance
During the year the charity continued its objectives and activities to the young people and are continued to be supported by many local Councils. The trustees continue to look at applying for funding when opportunities arise.
Financial review
During the year the charity expenditure was matched by income. Reserves are maintained at their current level, and represented by the bank balances, which includes £11 ,678 earmarked and restricted for specific purposes.
Chairs Report
This was my 5" year as Chair of Trustees and proved to be the toughest yet of all those I’ve served on the board. Whilst sounding somewhat dramatic amid a backdrop of every year having a survival theme, this particular one presented a ‘burning platform’. For the first time it was necessary to look at the prospect of an orderly closure as our reserves fell below the threshold that had been set for a viable operation. Thankfully, the conclusion to numerous meetings both internal and external, was a happy one and 40 Degreez continues to sustain its youth work and community services.
dogflud way, farnham, surrey gu9 7ud —_‘t.01252 727087 e.info@40degreez.org.uk | www.4Qdegreez.org.uk Registered charity number: 1000823
As is sometimes the case with having negotiated a crisis, the process of doing so forced a number of considerations and actions that resulted in a more robust operating model. That is exactly what happened in this financial year with crisis funding, care of Community Foundation Surrey, enabling us to close a considerable gap on our accounts deficit. This also became a precursor to eventually securing funding for the following (current) financial year that has since enabled almost a doubling of our youth service provision in terms of exposure time (to young people). That is something | hope to write more about next year, should | still remain chair!
In the meantime, notwithstanding the usual challenges of stretching our funds and resources to meet our youth work service obligations and community service space provision, we have witnessed another year of valuable work and actions. The existing programmes of (2) Girl’s self defence sessions, Hangout (for year 6 students) transitioning to secondary school, the ‘flagship’ Health Hub sessions (2) promoting ‘mind/body/spirit’ for vulnerable young people, and the Saturday ‘drop-in’ café (promoting greater confidence and articulation through the use of board games and a gardening project) were all maintained and built upon from the previous years of successful application.
It is So important to build on existing relationships with the application of professional expertise and patience that then enables our staff and volunteers to earn enough trust to help make a positive difference to young people’s lives. Among many other positive outcomes, that could entail improving self esteem, the confidence to express themselves or find paid employment against otherwise difficult odds.
The pilot ‘Outreach’ programme, commenced in the previous year, was continued, care of the Town Council. As the burning platform was extinguished, further discussions with the Town Council ensued resulting in a much wider programme being agreed for 24/25. This will involve an expanded Outreach programme for areas in central Farnham as wellas a detached youth work proposition in The Chantrys. It will inevitably require greater Human Resources and therefore recruitment of new staff as well as greater supervision from within existing resources. It remains an exciting prospect to see whether we can start to make a difference to young people’s lives, particularly those that have tended not to engage within traditional youth work environments.
The battle to entice new trustees has remained as tough as ever but it is pleasing to report the prospect of 2 new entrants to our cause that we hope to co-opt at our next AGM. | remain grateful to all of our current existing trustees, all staff members and volunteers as well as all ‘Friends of 40degreez’ without whom we would not achieve our aspirations and punch above our collective weight.
As always, | remain grateful to the Town and Borough councils, not only for their generous funds but also their continuing interest in the work that we do and for their counsel and occasional challenges to the way we operate. We take nothing for granted and continue to remain open to improving what we do by listening appropriately. Last , but not least, we greatly appreciate the financial help and support of all the locally based organisations that have traditionally sponsored us. They remain a part of the overall proposition to improve outcomes for young people in Farnham as we help them reach their greatest potential.
Signed on behalf of the trustees
Date: 1.7, Re@szc2— Togs oles at
dogflud way, farnham, surrey gu9 7ud —‘t.01252 727087 e.info@40degreez.org.uk www.4Odegreez.org.uk Registered charity number: 1000823
IndependentExaminers Report to the Trustees
| report to the trustees on my examination of the Receipts and payments account of the above charity (“the Trust”) for the year ended 31 March 2024.
Responsibilities and basis ofreport
As the charity trustees of the Trust, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”).
| report in respect of my examination of the Trusts accounts carried out under section 145 of the 2011 Act and in carrying out my examination, | have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent Examiner’s statement
| have completed my examination. | confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that in, any material respect:
- e Accounting records were not kept in accordance with section 130 of the act, or e The accounts do not accord with the accounting records.
| have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached.
sanea AS | Date: “YI +] Q | Bue =— Mrs Shree Merriman, FCCA. 17 Kestrel Close Ewshot, Farnham GU10 5TW
dogflud way, farnham, surrey gu9 7ud —_t.01252 727087 _e.info@40degreez.org.uk www.40degreez.org.uk Registered charity number: 1000823
Revenue account for the year ended 31 March 2024
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|---|---|---|---|---|---|---|---|---|
|Income|-|receipts|
|Grants|and|donations|37,797|23,541|
|Rentalincome|55,956|40,614|
|Bank|interest|654|27/5|
|Subscriptions|1|5|
|Activities|490|70|
|Sundries|66|1,031|
|Coffee|bar|/ tuck|141|10|
|Write|back|debtors|0|
|Totalincome|received|95,105|65,546|
|Expenses|-|payments|
|Equipment|maintenance|5,656|5,531|
|Buildings|maintenance|& improvements|406|15,082|
|Utilities|8,987|6,789|
|Insurance|8,565|6,556|
|Cleaning|4,679|3,231|
|Coffee|bar|244|72|
|Payroll|50,661|47,428|
|Helpers|0|0|
|Sundries|5,099|2,838|
|Activities|10,855|6,006|
|Write|back|creditor &|accruals|0|0|
|Total expenses|paid|95,153|93,542|
|Net|income|receipts|(expenses)|(48)|(27,996)|
|Reserves|
|Balance|b/f|at|1/4/23|38,015|66,011|
|Current year|net|income(expenditure)|(48)|(27,996)|
|Total funds|c/f at|31/3/24|37,967|38,015|
|Balance|Sheet|
|General|and|restricted|funds|
|General|funds|
|General|funds|- Bank and|cash|balances|26,289|29,742|
|restricted|funds|-|Bank|balances|for specific|projects|11,678|8,273|
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dogflud way, farnham, surrey gu9 7ud = t.01252 727087 e.info@40degreez.org.uk
www.40degreez.org.uk
Registered charity number: 1000823
Notes to the accounts
The annual accounts have been prepared on a receipt and payment basis, in line with Government guidelines for small charities.
The accounts have resulted in a loss of £48, with the current reserves standing at £37967, as represented by our bank balance and include £11 ,678 which is earmarked for specific purposes. Availability of funds will again be tight this year; however we will continue to look to apply for more funding when opportunities arise and to build up our reserves. In the next couple of months £35000 is expected to be received for project funding in addition to the normal rental income.
The charity operates under a Trust Deed dated 24 September 1990. The charity does not own the building; however, the Trustees manage and use the building on a leasehold basis.
toReserves policy—-The reserves policy requires the Trustees to set aside £35,000 for the charity continue its current activities if income starts to decline unexpectedly or to meet unexpected maintenance expenditure. This policy is reviewed annually.
The Trustees class all the charities activities as continuing.
dogflud way, farnham, surrey gu9 7ud —_t.01252 727087 e.info@40degreez.org.uk www.40degreez.org.uk Registered charity number: 1000823