Company registration Iiumber.. 03190740 Charity registration number.. 1056825 Friary Drop-in Ltd (A company limiied by guarantee) Annual Report alld Financial Statements for the Year Ended 31 March 2022 Cojnmunity Accounting Plus Units l & 2 North West 41 Talbot Street Nottin¥hatn NGI 5GL
Friary Drop-in Ltd Contents Reference and Administrative Details Trustees, Report 2to4 Independent Examiner's Report Statement of Financial Activities 6t07 Balance Sheet Statement of Cash Flows Notes to the Financial Statements Ioto 19
Friary Drop-in Ltd Refer¢n¢¢ and Administrative D¢t#ils Tru5t¢es Paul Raiidle, (Chair) Richard McC.allum. {Vite Chair} David Shaw, (Treasurer) Alex Rae Timothy Martin Wenda Power Senior Management Tea Ben Talbot, Chief Executive Ann Bremner, General Manager Charity Registration Number 1056825 Company Regi5tratioTh Nuber 03190740 Registered Olee 46 Musters Road West Bridgford Nottin(Tham Nottiiighan15hire NG2 7PR IndepeThdent Examiner John O'Brien. einployee of Community Accounting Plus Units l & ? North West 41 Talboi Sireet Noitingham NGI 5GL Bankers TSB Bank PIC 2 Davies Ri)ad West Bridgford Nottingham NG2 5JD CCLA Investment Management Limited The COIF Charities Deposit Fund 80. Cheapside London EC2V 6DZ CAF Bank Ltd 25 Kings Hill Avenue Kings Hill West Mallit]g Kent ME194JQ Page I
Friary Drop-in Ltd Trust¢¢s' Report The trustees. who are directors for the purposes of company law, present the aiinual report together with the financial 5tatement5 of the charitable coinpany for the year ended 31 March 2022. Trustees and officers The trustees and officers serving during the year and sin¢e the year end were as follom's.. Trustees.. Paul Randle, (Chairl Richard Mccallum. (Vice Chair} David Shaw, (Treasurer) Alex Rae Timothy Martin Wenda Power Robin Lund (resigned 4 October 2021) Pamela Miles {resigned 27 April 2022) Strueture, govermanee and management 'o/ure ofgoverming do¢eI The charity is a company limited by guarantee and registered charity. It is operated under the leS of its memorandum and article5 of associatioii dated 25 April 1996. It has no share capital and the liability of each etnber iii the event of winding-up is liinited to £1. Reerulimenl omd appointment oftrusiees TrUses, who are also direciors of the company. are appointed by the member vote at the annual general meeting, although up to three may be co-opted during the course of an}, accounting year. Membership is by nominaiiL)n and this nomination can come from any of the three nominating bodies. These are West Bridgford Churches Together, Friends of the Friary. and the Friary URC Church. These persons shall be admitted as members, following the apprlival of the trustees and shall continue to be members of Friary Drop-ln Limited until they resign or their nominaiing organisations request their replacement. Full meetings of the trustees are held bi monthly along with the Finance sub committee, whilst rhe sukommitte¢s for Operations and Community Engagement meet qiiarterly. Objectives and aetivities Objects ftims {1) relief of poverty amongst persons living in the Rushcliff¢ and adjacent distrirts in th¢ county of Nottinghamshire b). the provision or assistance in the provision of facilities and activities to relieve thos¢ persons who maj. be considered to be iji necessitous circuinstsnces by being homeless {or in teporary accomtnodation) or unemployed; {ii) the advaiiceineiit of education amongst such per50n5 by the provision of advice, coun5elling and infonnation 5uitsble and relevant to their Iieeds and geared towards their poveTty; and {iii} the provisioi) or assistance in the provision of recreational and other leisure time activities in the interests of social welfare and with the object of improving the conditions of life for suth persons. Page 2
Friary Drop-in Ltd Trust¢¢s' Report Objectives, 51Tulegies andartivilies In fllrtherance to the above objects the Friary 5 mission 15 to einpower hotneles5 and vulnerable adult5 to rebuild their lives by offering practical 5ervice5, advice and emotioiial support. To thi5 end the or¥anisation offered these Specific services to beneficiarie5 during the course of the reportiiig year.. Professional advice and referral; GP surgery.. Homeless nursing team; Specialist wellare riJ(T ts advice: Welfare provision of food, clothing, toiletries and household items; Shower and laundry. Publi¢ benefil The principal artivity of Friary Drop-ln Limited is that of a chgritable organisation assisting the homeless, those in temporary ac¢ommodation and the unemployed. The trustees confimi that they have coinplied with the requirements of settion 17 of the Charities Act 2011 to have due regard to the public benelit guidai)ce published by the Charity Commission for Englai)d and Wales. Achievements and p¢rforman¢e The Friary supported in the region of 1.000 visitors to the Drop-li) Centre during this period. The eaily part ol. the period was al'fetted by the pai)demic and service Mas very Inuch restricted to the provision of food and clothing. Hot meals were also provided and delivered to the hotels hosting rough sleepers as part of the 'EveThone In, initiaiive. As the period progressed, we saw restrictions eased and the Friary was able io launch the new WelfarelBenefits Centre. This enabled more support to be provided to both existing and new visitors. Support was also prlivided on addiction. physicalimental health services. housing and debt by support workers and exiernal partners. Services at the Drop-ln Centre have now evolved to a point here the doors are opened to rough sleepers on a Tuesday and Thursday for cooked break.fasts. This enables improved interaction with visitors and belter progression opportunities. Financial review In the pasL the Friary has grown considerably both in the scale of activity and ihe range of services we offer to those in need. Much of this has beeii financed through short-temi a£reemciits and the key concem has always been the relatively low level of predictable long-terni funding relating to grants and contracts. Iii this year, the organisatioii has continued its concerted effort of building sllstainability and diversity into our income streams in order to safegiiard our endeavours to meet the needs of our beneficiaries. We remain particularly reliant on the goodwill of individual and corporate donors and have made encoiiraging progress in our efforts to promote regular donations which help to bring about more predictable income. Poliry oll reserves At J 1st March 2022. free reserves amounted to £425.880 {2021'. £415,381}. This represents approximately 107% of annual expenditure (2021.. 106%). The trustees have been strategically investing reserves into charitable activity in recent years with the inteniiL)n of developing financial sustainability and the furtherance of charitable objects for the organisaiion. The surplus generated in this financial j'ear offsets the investment of these reserves in recent years and helps promote fiiiure sustainabiliry of services. The demand on our resources remains extremely high and the twstees are committed to ensuring that the charity is well resourced so thai energy can be devoted to delivering effective services rather than struggling for siirvival. Page 3
Fri2Th' Dropin Ltd Trustees. Report Mojorrtskn mandgemenioltho5e risls MoAageMenr0fRk Al prwnt, th¢ risk is thai ditferent fundin8 SITeams art Lmpjckd on by th¢ wsi ofiivLn8 crisis. Do supporters have the funds continu¢ io SUPFth the Friarf. Will trusts and grants srill bc around? Thi$ ig hard to predi¢1 and it is this uncertainty may shape the nexi few yews. Th¢ Friary is CorlouS of and TecolS¢S the r)eed io fomiulate a fundraising siraie8y. StAterntnl of Truslees, ReSpDthb1llll The ITUtsIC¢S Iwho arc 41$0 IhL di[[rS of Friary Dropin for thc purp05cs of comp4rty 14wl ir¢ re$wknsibl¢ for pYeparin8 the trustees. repon aThJ the in accordance the United Kingdom A011)8 Siattdards Iuniied Kingdom Generally Accep Accounting Pr#¢ii¢el And appli¢able 18w 8nd Te8ulaiions. Th¢ rcp)rt Arwj acetxu)ts have been prepwtd ift xcordance vrith the provision5 111 Ihc Comp7¢$ Act 2{ lating 10 sm811 ¢ompAnies. CoMpY law T¢quhr¢s the In¢¢¢$ 10 pw fiDwia] for exh fmanciai year. Urwjcr company l&w the Irus¢tts musi noi BPPTOV¢ the finwKiJl $lal¢m¢hts unltss they are s•iisfied thai Ihey givc a truc and (Hir view of ihe stste of affairs of the ¢h8ritsble company ar¥J of ils in¢omins resouT¢es and applicarion of resources. includinB its in¢ome 8j expenditure. for that period. In prepAring thc5c sthtements. the trustees we required to.. Icci $ui¢thle xcouniing 11¢1 apply them c(ffi6iStrlltly; obs¢rv¢ the methoth and prI1P]eS in the Chuiiies SORP., mAke jud8eryxD and estima*s that are rea[ble and pnthnL whcth¢r 4pplicabl¢ UK A¢¢ouThiin8 Stsndards have been followe<L $ubJe¢t to •Dy mat¢rial departwe8 dLsclosed and explained in th¢ fitWlfi41 stSl¢m¢iits.' and prepaff the financial Maiements on thc going ¢on¢em b1$ unless li is inapproprialc 10 pre5umc ththt thc ch&rithblc company will ¢ontinu¢ in bysiness. The Irusl¢¢s ar¢ r¢swnsible for keeping adequak a¢¢ouniins r¢¢ords that are sutTicient to show Arbd explain ihe chan'thble company'5 Iiansa¢tions And dis¢los¢ with reasonablc atcurncy #i w)y lime th¢ financial posjiion of thc chgri¢able company and enable thcm to en5Urt thai financial StstemlS comply with th¢ Cpmpon1¢5 Acl 2000. Thcy aTC r¢sponsibl¢ for safeguarding thc •sscts of thc ¢Jwitable company and hence for iakin8 reLsonable slep5 for the preveniioTh oNi detection of fraud othcr Irregul1¢1¢$. Sm411 companle5 provS$loD stat¢iiitAt This reEM)n has been pr¢par¢d in a¢rordanc¢ with the srDall cOrnpani rcgime the Companies Aci 2000. nnual r rt appTov¢d by of tk charity on 20 SepmE¢r 2022 Ind $i¢d on its behalf by.. Paul Rundie Trusiee Pag¢ 4
Friary Drop-in Ltd Independ¢nt Examin¢r's Report to the tru$te¢s of Friary Drop-in Ltd Independent examiner's report to the tru5tee5 of Friary DroFin Ltd ('the Companv,) I report to the charity trustees oil my exatnination of the accounts of the company for the year ended 31 March 202? Responsibilities and basis of report As the charity's trustees of the company (and also its directors for the purposes of company lawl 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 Ihe Company are noi required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respert of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 {'the 2011 Act,). In carrving out my examination I have followed the directions given by the Charity Commission under section 145{5) (bl of the 2011 Art. IndepeThdent examiner s statement Siiice the Conipaiiy's ¥r05s incoine exceeded £250,(X)O your examiner must be a member of a body listed in 5eLtion 145 of the 201 I ALt. I coiifinn that l ain qualified to uiidertake the examinatioii because l am a member nd Fellow of the Associatioii of Charity Indepeiideiit Examiner5, wl)iLh is oiie of the listed bodies. I l)ave Lompleted my examination. I confiTm that no matters l)ave come to Iny attention in coi)nection with the examination giving me cause to believe that in anj material respect.. l. accounting records were not kept in respect of Ihe Company as required by stIOn 386 of the 2006 Act; or 2. the account5 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 thai the accounts give a 'true and fair, view which is iiot a matter considered as part of an iiidependent examination: or 4. the accounts have iiot been prepared in accordance with the method% and principles of the Statement of Recommended Practice for ac¢ounting alld reporting by charities lapplicable to charities preparing their account% in accordance with the Finan¢ial Reporting Standard applicable in ihe UK and R¢piiblic of Ireland (FRS 10?)]. I have i)0 concems and have come across no other Inatters in connection with the examii)ation to which attention should be drawn in this report in order to enable a proper understanding of the aecounts to be reached. Jo 111 O'ElI'ieii MSC: FLLA, FCIE, employee of Community Accounting Plus Fellow of the Association of Charity Independent Examiners Units l & 2 North West 41 Talbot Street Nottinghain NGI 5GL Date.. 2310912022 Page 5
Friary Drop-in Ltd Statement of Finaneial Attivities for the Year Ended 31 March 2022 (Ineluding Income and Expenditure Account and Statement of Total Reeognised Gains and Losses) Total 2022 Total 2021 Unrestricted Restricted Note Income and Endowments fro. Donations and legacies Charitable activities Other trading aciiviiies InvestTnent iiicotne 309,585 309,585 76,651 18,503 339 417,256 92,333 10,649 347 76,651 18,503 339 Total income J28,427 76,651 405,078 5?0,585 Expenditure on: Charitable activities {172,615} (224,6681 (397.2831 (i92,020} Total expenditure {172.615} (2?4.6681 (i97.2831 (i92.020} Net incomel{expenditure) Transfers between funds 155.812 {135,714) (148.0171 135,714 7,795 128,565 Net mov¢m¢nt in funds 20,098 (12,30i) 7,795 128,565 Reeontiliation of funds Total ndS brought forward 408,936 12,303 421,239 29? 674 Total lldS catTied fonvard 21 429,034 429,Oi4 421,239 All of the charity's activities derive from continuing operations during the above two periods. The funds breakdown for the period is shom'n in note 21. The i)otes On pages 10 to 19 form an integral part of these financial statements. Page 6
Friary Drop-in Ltd Statement of Finaneial Attivities for the Year Ended 31 March 2022 (Ineluding Income and Expenditure Account and Statement of Total Reeognised Gains and Losses) These are the figure5 for the previous accounting period and are included for comparative purposes Unrestricted Restricted Total funds funds 2021 Note Income and Endowments from: Doiiations aiid le¥acie5 Charitable activities Other trddillg activities Investment income 417?56 417,256 92,33i 10,649 347 92,333 10,649 347 Total income 428,252 92,333 520,585 Expenditure on.. Charitable activities {198.919) {193.101} (392.020} Total expenditure Net incomel{expenditure) Trdnsfers between funds {198.919) {19J.101} {392,020} 229,333 {1 (10,768) 113,071 128,565 Net movemei)t in funds 116.262 12,303 128,565 Reconciliation of funds Total funds brought forward 29?.674 292,674 Total funds carried forward 21 408,936 12,303 421,239 The i)otes On pages 10 to 19 form an integral part of these financial statements. Page 7
Friary Dropin Ltd (Registration number: 03190740) BalaD¢e Sheet as at 31 MArth 2022 2022 2021 Noie Flzed w¢¢A Tangible •ss¢ts 3,154 5.858 CurreDt AuetS Deb[5 C¥h bank and in hend 12 13 13.258 423.679 12.290 421.028 436,937 433,318 Credlton: AmouDts falllDg due wlthlrt otte yeAr 14 11.057 17.937 Nei •Mets 425.880 415,381 Net •Mets 429.034 421,239 Funth of ibe tbxrlty: Rmtrlcted Income funds Re$tri¢ttd fjJt)d8 21 12,303 Unr¢itrlcted IDCOU fuDds Ut)r¢strieied fwmts 429,034 408,936 To¢#1 funds 21 429,034 421,239 For the fin¢1[ year ending 31 March 2022 the charity wu entsed to exryion frrrfn audit under tiOn 477 of th¢ Companies Affl rel18 SMAII ¢ompw)ies. Directors, responsibililies- The have not the clwity obtsin Audit of ity accoun for the year in question Ln accordance with section 476. Ind Th¢ directors acknowled Ihcir respon5ibiliii¢5 for eomplyJn8 With the rtqUiTements of the A¢t r¢sPeCt Thes¢ financial slateTrts hve been PffPAred in 0[SnCe with the wial prowsions reliDnB to ¢ompanies subjeci io the small companies ff8im¢ withm Part 15 of the CLwffiies Ad 2006. The fjnancial Sth¢cments on p#8e$ 6 to 19 were arTmvcd by the ¢rusttrs. and authorisd for issue on 20 September 2022 and SI*d on their t¢h41f by: vid Shaw Trustee The P8¢s 10 kn 19 forni an intryal pjrtof th¢s¢ fiJw)ckl ststrments. Pagc 8
Friary Drop-in Ltd Statement of Cash Flow$ for the Year Ended 31 March 2022 2022 2021 Note Cash tlows from operating activities Net cash income 7,795 128,565 Adjustments to cash nows from non-cash items Depreciation Investment income 2,704 (339} 5,950 {347) 134,168 10,160 Working capital adjustments Increase in debtors {Decrease)lincrease in creditors {DetreaseFinciease in deferred income 12 (968) (1,537) 15.34i} {519) 4,016 2,69i 14 14 Net cash f]ows from operating activities 2,312 140,358 Cash t105 from investing activities Interest receivable and similar income 339 347 Net increase in cash and cash equivalents 2,651 140,705 Cash and cash equivalents at l April 421,028 280,32i Cash and cash equivalents at 31 March 423,679 421,028 Reconciliation of llet cash flow to movement in llet fund5 Increase iii cash 2,651 140,705 Net funds at l April 2021 421,028 280,323 Net funds at 31 March 2022 423,679 421,098 All of th¢ ¢ash flows are derived from ¢ontinuing operdtions during the above two periods. The i)otes On pages 10 to 19 form an integral part of these financial statements. Page 9
Friary Drop-in Ltd Notes to th¢ Financial Statements for th¢ Year Ended 31 Mar¢h 2022 Aeeounting polieies Sumrnary of significant accounting policies and key accounting estimates The principal accounting policies applied in the preparaiion of these financial statsments are sei out below. These policies have been consistently applied to all ihe years presented, unless otherwise stated. Statement of eomplik)nee The fingncial statements have been prepared in accordance with Accounting and Reporting by Chariiies.. Statement of Recommended Practice {applicable to chariiies preparing their accounts in accordance with the F inancial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021) {issued iii October 20191 (Charities SORP IFRS 102)), the Fillancial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102) alld the Companies Aci 2006. Basis of preparation Friary Drop-in Ltd meets the definitioji of a public benefit entity linder FRS 102. Asset5 and liabilities are initially recogjiised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes. Going coneern The financial stalemeiits have been prepared on a going concem basis. The trustees assess whetl)er the use of goiiig conLetli 15 appropriate i.e. whether tl)ere ale any material uncertainties related to events or conditions that may cast significant doubt oli the ability of the charity to coiitinue as a ¥oiii¥ LonLern. The trustee5 tnake thi5 as5es5ment in respect of a period of one year frotn tl)e date of approval of the financial statements. Income 8nd endowments Voluntary income including donations, gifts. legacies and grants that prlivide core funding or are of a general naiure is recognised when the charity has eniitlement io ihe income. li is probable thai the income w'ill be received and the amouni can be measured wilh sufficieni reliabiliiy. Donalions and legacies Donations are recognised when the charity has been notified in mlting of both the amount and settlement date. lil the event that a donatioii is subject to conditions that require a level of perfonnance by the charity before the charity is entitlcd to the funds, the income is deferred and iiot recognised until either those conditions are fully met, or the fiilfilment of those conditions is 'hOllY within the control of the charity and it is probable that these conditions will be fulfilled in the reporting period. Legacy gifts are reco¥ni5ed on a case by case basis following the grant of probate when the admini5tratorlexecutor for the estate has comtnunicated iii IlTitin¥ both the amount and settlement date. lil the event that the ¥ift is in the fortn of ali asset other than cash or a fiiiancial asset traded on a reco¥FI)ised Stock exchaiige, recogFI)ition is siibject to the value of the gFift beingy reliably measurable with a degree of reasonable accuracy and the title to the asset having been transferred to the charity. Page 10
Friary Drop-in Ltd Notes to th¢ Financial Statements for th¢ Year Ended 31 Mar¢h 2022 Gramts receivftble Grants are recognised when the charity has an entitlement to the funds and any condition5 linked to the grants have been inet. Where perfotynance condition5 are attached to the gFrant aiid are yet to be tnet, the income 15 recogni5ed as a liability and included 011 the balance sheet as deferred income to be released. Inveslnienl inconie Dividends are recognised once the dividend has been declared and noiification h&s been received of the dividend due. Expenditure All cxpcnditiir¢ is rQgnised once there is a legal or constructive obligation to that ¢xp¢nditur¢, it is probable settlemcnt is required and the amoiint can be measured reliably. All costs are allocated to the applicable expenditure hcading that aggregaie similar costs to that ¢ategory. Where costs cannot be dire¢tl}' attribiited to particular headiiig% they have been allocated on a basi% con%istent with the use of resoiirces, with Central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of th¢ asset's use. Other support costs are allated based oii th¢ spread of stsff costs. Chtsrltthble aeilvliles c.haritable expenditure Comprises those costs incurred by the charity in the delivery of its activities and services for its beneliciaries. It includes both costs that cai) be allocated directly to such activities and those costs of an indirect nature necessary to support them. Taxation The charity is CL)nsidered to pass the tests set out in Paragraph I Schedule 6 of the Finance Act 2010 and therefore it meets the defiiiition of a charitable company for UK corporation tax purposes. Accordingly, the chariry is potentially exempt from taxation in respect of income L)r capital gains received within categories covered by Chapter i Part I l of the Corporation Tax Act 201 O or Section 256 of the Taxatilin of Chargeable Gains Act 1992, to the extellt that such income or gains are applied exclusively to charirable purposes. Tangible fixed assets Individual fixed assets costing £2,000.00 or more are initially recorded at cost. DepreciutioN and afftvrtisatiu Depreciation is provided on tangible fixed assets so as to }TIte off the cost or valuation, less any estimated residual value, over their experted usefvl economic life as follows.. Asset elass Depreeiation method and rate straight line basis over the lifetime of the relevant lease 15 % on a reducing balance basis 20 /0 on a straight line basis Leasehold improvements General equipment Vehicles Page 11
Friary Drop-in Ltd Notes to th¢ Financial Statements for th¢ Year Ended 31 Mar¢h 2022 Trade debtors '[ radc dcbtor% ar¢ amounts due from customers for merchandise sold or services perfomi¢d in th¢ ordinary ¢ourse of biisin¢ss. Trade debtors are recognised initially at th¢ transaction price. They ar¢ subsequently measured at amortised ¢ost using the effectivc iiiterest method, less provision for impaimient. A provision for the impaimient of trade debtors is established when there is objective evid¢nc¢ that thc charity M'ill not be able to Collert all amounts due according to the origFinal tern]5 of the receivables. Cash and cash equivalents Cash and cash equivaleiits comprise cash on hand and call deposits, and other short-temi highly liquid investmeiits that are readily convertible to a knowi amount of cash and are subject to an insignificant risk of changFe in value. Fund structure Unrestricted income funds are gerteral funds that are available for use at the trustees, discretion li) furtherance of the objectives of the charity. Restricted inclime funds are those grants for use in a particular area or for specific purposes. the use of which is restricted to that area or purpose. Pensions and other post retirement obligation5 The charity. operates a defined contribution pension scheme for employees. The asseis of the scheme are held separately from those of the charity. Pension cosis charges in the Statement of Financial Activities represent the contributions payable by the charity during the year. 2 Income from donations and legaeies Unrestricted Total 2022 Total 2021 General Donations and lega¢ies: Donations from companies. trusts and similar proceeds Donations from individuals & groups Legacies Gift aid reclaitned 91,557 138,099 25.111 21.578 91,557 138,099 104,645 180,425 13,002 25,321 21,578 Grants: including capital grants., Govetnment grants 33,240 i3,240 93,863 309,585 J09,i85 417,256 Page 12
Friary Drop-in Ltd Notes to th¢ Financial Statements for th¢ Year Ended 31 Mar¢h 2022 3 Income from eharitable activities Restricted Total 2022 Total 2021 Grants & donations 76,651 76,651 4 Income from other trading aetivities Unrestricted Total 2022 Total 2021 General Local fundraising 18.50i 18,503 10,649 18.503 18.50i 10,649 5 Investment income Unrestricted funds General Total 2022 Total 2021 Interest receivable and similar income; Interest rt¢eivable on bank deposits 339 339 347 Page 13
Friary Drop-in Ltd Notes to th¢ Financial Statements for th¢ Year Ended 31 Mar¢h 2022 6 Grants & donations Unrestricted Restricted fund5 Total Homeless Link Rushclitle BorouJo Council NOttin¥h1$hlre County Couiicil NHS Trust 22,523 13,474 7.000 22,523 13,474 23,500 3,409 i 0,000 9,800 9,810 5,000 5,000 5,000 4.250 4,000 4,000 3,000 2,500 2,200 2.000 2,000 2,000 2,000 2,000 1,000 1,000 1.000 1,000 1,000 3,050 139,731 27,673 13,861 16,500 3,409 i 0,000 9,800 9,810 5,000 5,000 The Samworth Foundation Wheatcroft Boots Charitable Trust Milhinch Trust Beatrice Laing frust Winnifred Eileei) Keinp Trust The Greenwood Christian Trust Lady Hind TNst The Dunn Family Triisi The Thomas Farr Charity J N Derbyshire Trust Anonymous grants Sir John Eastwood Foundation Oliver Borthwick Memorial Trust 5.000 4,250 4.(X)O 4,000 3,000 2,500 2.200 2,000 2,000 2,000 2,000 Seama]i Trust The Stuart Leslie Garratt Trust The Mary Robertson Twst Winifred Poiter Charitable Trust Jessie Spencer Trust The Sage Trust Helen Jean Cope Charity The Viegas Trust Other Trusts < £1 000 Donations from individuals & groups Churches c.orporate support Le¥acy HMRC JRS Grant GiftAid 2,000 1,000 1,000 1,000 1,000 1,000 2,550 138,099 27.673 13.861 iOO 1,632 12,766 21,578 12,766 21,578 309,585 76,651 J86,2J6 Page 14
Friary Drop-in Ltd Notes to th¢ Financial Statements for th¢ Year Ended 31 Mar¢h 2022 7 Expenditure on eharitable activities Unrestri¢¢ed Restricted fund5 Total 2022 Total 2021 General Clegning Costs of fundraising Communications Depreciation Insuraiice 3,590 3,907 1,988 8,186 2,704 11,596 10,685 1,277 1,333 2,307 32,267 7,7i6 6,562 284,430 84 1,160 669 605 11,160 3,677 4,870 80 3,800 2,839 6,446 5,950 10,963 9,771 203 1,988 3,715 2,704 9.551 4,471 2,045 4,766 IT softw'are & maintenance 5,919 1,277 1,333 1,206 11,437 569 687 128,333 35 734 669 569 1.492 Marketing Payroll service Legal & professional fees Rent & services Repairs & maintenance Resources & equipn]ent Salaries, Nl & pension Siaff expenses Stationery & office expenses Subscriptions Training 1,361 1,359 26,804 5,665 12,275 282,178 39 916 661 4i5 7.893 3,217 9,24i 20,830 7,167 5,875 156,097 49 426 9,668 3,677 4,870 Vehicle costs Welfare expenses Rccruitment Sundry expenses 80 172,615 224,668 397,283 i92,020 8 Net iThcomingloutgoing resources Net incoming resources for the year include.. 2022 2021 Depreciation of fixed assets 2,704 5,950 9 Taxation The charity is a regisiered chgrity alld is therefore exempt from taxgtion. Page 15
Friary Drop-in Ltd Notes to th¢ Financial Statements for th¢ Year Ended 31 Mar¢h 2022 10 Staff eosts The aggr¢gat¢ payroll costs were as follows.. 2022 2021 St8ff £0s¢s during the year were: Wages and salaries Social security costs Pension costs 261,384 15,019 8,0?7 259,759 14,580 7,839 284,430 28? 178 The monthly average number L)f persons (including senior management team) employed by the charity during the year was as follows.. 2022 No 2021 No Average number of employees 15 15 912021 9) of the above employees participated in the Defined Contributioii Pension Schemes. Contributions to the employee pensioi) heMeS for the year totalled £8,027 (2021 £7,839). No ¢mploye¢ re¢eiv¢d emoluments of more thgn £60,000 diiring the yew. The tothl employee benefits of the key management personnel of the charity were £85,614 {2021- £84.338). l Tangible fixed a&5ets Leasehold improvements General equipment Vehicles Total C05t At l April 2021 136,41i i7,160 16,118 189,691 At 31 March 2022 136,413 i7,160 16,118 189,691 Depreciation At l April 2021 Charge for the year 136,41i 37,160 10,260 2,704 183,83i 2,704 At 31 March 2022 136,413 37,160 12,964 186,537 Net book value At 31 March 2022 i,154 3,154 At 31 March 2021 5,858 5,858 Page 16
Friary Drop-in Ltd Notes to th¢ Financial Statements for th¢ Year Ended 31 Mar¢h 2022 12 Debtors 2022 2021 Prepayments Other debtors 9,822 8,825 3.465 13,258 13 Cash and cash equivalents 2022 2021 Cash on hand Cash at bank 449 423.230 405 420,6•3 423,679 421,028 14 Creditor5: amounts falling due within one year 2022 2021 Other creditors Accruals Def£ed income 381 268 10,676 12,326 i,343 11,057 17,9)7 15 Obligations under leases and hire purehase eontraets The company has two leases for premi5es'. one for 34a Musters Road a 5 year lease from 29 November 20?1. with a break clause after 3 years, annual rent £12,750 and also a lease for 34 Musters Road which is a 3 year lease from ?4 Au(Tust 2021, with a break clause after 18 months, annual rent £ I 1,000. The tothl value of future minimum lease payments was as lollows.. 2022 2021 Withiii one year In two to five year5 22,695 23,758 11,693 46,453 11,693 16 Charitv status The charity is a company litnited by guarantee and consequently doe5 Ilot have share capital. Each of the trL15tee5 is liable to contribute ali amount not exceedin¥ £1 towards the assets of the charity in the event of liquidation. Page 17
Friary Drop-in Ltd Notes to th¢ Financial Statements for th¢ Year Ended 31 Mar¢h 2022 17 Fees payable to independent examiner During the period, the fees payable (excliiding VAT) to the charity's independent examiner Community AccoiiiitinbF Plus are analysed a5 follows.. 2022 2021 Independent examination athcr finallcial services 990 970 1,134 2,101 18 Related partv transaetions There were iio related paty transactions in the year. 19 Trustees remuneration and expenses No trustees. iior any persons coniiected with theTll, have received aiiy remuneration frotn the charity during the year. No irustees have received any reimbursed expenses or any L)ther benefits frL)m the charity during the year. 20 Analysis of net assets betTrvetn funds Unrestricted 2022 Total funds General Tangible fixed assets Current assets Current liabilities 3,154 436,937 (11,057) 3,154 436,9i7 (11,057) Total net assets 429,034 429,034 Unrestricted 2021 Total funds General Restricted Tangible fixed assets Current assets Current liabilities 5,858 421,015 (17,937) 5,858 433,318 (17,937} 12,303 Total net assets 408,936 421,2J9 Page 18
Friary Drop-in Ltd Notes to th¢ Financial Statements for th¢ Year Ended 31 Mar¢h 2022 21 Funds Balance at 31 March 2022 Balance al April 2021 Incoming resources Re50urce5 expended Transfer5 Unrestricted funds Gener1 General fund 408,936 328,427 (172,615) (135.714) 429,034 Restricted lunds Da}, Centre IT Advice Centre 52,651 400 23,600 (165,924) {400) 158,344) 113,273 12,303 ?2,441 Total restricted fund5 12,303 76,651 1224,668) 135,714 Total funds 4?1.239 405,078 (397.28i) 429,Oi4 Balan¢¢ at 31 March 2021 Balance al I April 2020 Incoming resources Re50urc¢s expended Tran5fer5 Unrestricted funds Gener1 General fund 292,674 428,252 (198,919) (113.071) 408,936 Restricted Da}, Centre Advice Cei)tre 69.132 23,201 (182.203) 110,8981 113,071 12,30i Total restricted fund5 92,333 (19i,101) 113,071 12,30i Total funds 292,674 590.585 (392.020) 421,239 The specific purposes for which the funds are to be applied are as fLIIIows'. The Day Centre fund Sho'S the income raised and donated towards the running of the Friary drLlP-in day centre and the income was from many sources. The Advice Centre fund shl}'S the income which was received in relation to the new advice cenire and the related expenditure. The IT fund received funding from a Nottinghgmshire County Council Councillor towards the cost of a laptop and has all been spent in Ihe year. The transfers from the General fund to the Day Centre fund and the Advice Certtre fund is to cover the deficit 01) these activities, which cost more to run than the restricted funding received towards each project. Page 19