DocU$n Envelope ID 1A22430F48084402_9CFO.B5A60FOC485B FARSONPHONE ASSOCIATION IN BRITAIN REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 CHARITY NO. 1070348
Docusign Envelope ID.. 1A22430F_880844D2.9CFO_B5A60FOC485B FARSONPHONE ASSOCIATION IN BRITAIN Contents Legal and administrative information Report of the trustees Report of the Reporting Accountants Statement of Financial Activities Balance Sheet Accountlng policies 9-10 Notes formin8 part ol the financial statement5 11-13 Detalled Income & expenditLITe account 14 Paqe 14 does notfvrm part ol the Statutory accounts.
OocusKJn EnveloFe ID. lA22430F-880B44D2-F0.BSA60F0C48sB FARSONPHONE AssoaATION IN BRITAIN Legal and Administrative Information Board of Trustees Mr Mohsen (Kayhanl Fakhari (Treasurerl -elected Jan 2019 for three terms Mr Faramarz Radfar -elected Jan 2019 for three terms Mrs M. P. Sadigh Ichairpersonl -re-elected Oci 2017 as chair for three terms Mrs Azam Saeb-P3rsy (Secretary) -elected Nov 2019 for three terms Mr Reza Sangsari -elected Nov 2019 for three term,. resi8ned May 2024 o temi 15 defined 0$ the perlodfrom one AGM to the next Admlni5trition offlce.. Edgware Library Hale Lane Edgware HA8 8NN Ch•rlty re8iStr•tlon No: 1070348 R•portlni attountants Liondaris & Co Certified Public Accountants Coach House Bellevue Road Friern 8arnet NII 3NY B•nkers: HSBC Vnity Trust Bank Fundln8 •llth¢xltle$'. Barnet NHS for the IAPT•• contract IthTough MWS'I as part of a consortium (since l October 20171 led bv Barnet, Enfield and Haringey Mental Health NHS TrLtst Clothworkers Foundation City Bridge Trust 'MWS.' Multillngual Well.bein8 Servlces Ltd 'IAPT'. Improving Acce55 to Psychological Therapies AKA "Talking Therapie5" Page 1
t)cKusign EnOpe ID.. 1A22430F480844D2-9CFO-BSA60FOC485B FARSONPHONE ASSOCIATION IN 8RITAIN BOARD OF TRUSTEES REPORT FOR THE YEAR ENDED 31 MARCH 2024 The board of trustee5 present their report along with the financial statements of the charity for the year ended 31 Marth 2024. The financial statements have been prepared in accordance with the accounting policie5 set out on page 9 and comply with the charity'5 constilution and applicable law. Board of trustees The board of trustees who have served during the year under review and since the balance sheet date are shown on page l. Appointment of trustees is governed by the constitution. Constitution and oblects Farsophone Association in 8Tltain is a registered tharity and is governed by it5 constitution. In the strategic framework approved by the board in 2009, our vlslon is thai our community as a whole. and its members as individuèls, are able to achieve their optimal potential; ond to play actlve and posltive roles in lile in the UK. Our mission is to mobilise and empower our community to achieve the above vision In harmony with other communities and the overall UK Society. 'Our community is broadened to. all those of Iianian origin and all those who speak, or have an interest in. any of the laniuaRes of Iran or its culture. Our objects as stated in our conslltution are.. 11 The rellef of poverty by the provlslon of advice about beneflt Èntltlement5, Interpretation and translation, education and employment. 21 The advancement of education by the provision of En8li5h language classes and votational tralnin8 courses. and the provision of advice about such course5. 31 The relief of sufferin& tau5ed by bereavement, war or natural di5a51er, by the provison of counsellin8. 41 The provision of fatilitie5 to the community foi leisure time occupatlon and recreation. Dev4lopm*nt, aclivlties and achievement5 The board of Iiustees consider that the charity's èclivities in meeting its objectives have been satisfactory particularly in the key area of counsellin8 and mental wellbein8 services whith has been consolidated and has been fully operational over the last few years despite the pandemic. In other area5 we have been in the process of reviewing and reshapin8 our services. In addition, these other Services were severely impacted by the Covld-19 Pandemic from early 2020. We however maintained skeleton servlces In key area5. We have overcome major challenges in the last few years particulofly regardin8 appropriate pioperty for oui library. We hope we can now reSLbme a steady development ol other services and artivities. Farsophone Counselling and Mental Health Servlce IFCS) FCS is a highly respected service provider in mother tongue counsellin8 and psychotherapy and collaborates with a wide range of or8ani5ation5. It continues to operate from the Information and Advlce Centre of Edgware Communlty Hospital, in partnefship with NHS 8arnet. Farsophone is a partner in Multilingual Wellbeing Services IMWSI together with Meridlan Wellbeing Iformerly Chlne5e Menlbl Health Association. CMHAI. Multilingual Wellbeing Servlce5 IMWSI was formed in June 2010. 2023-24. thouBh challenging. was rather a productive and successful year for Far50phone's Mental Health Service5. The past year commenced with the continuation of a mixture of remote and face-lo.face delivery of services. Oui dedicated team of clinlclans continued to adapt to the new ways of worklng and delivered hlgh-quality and free services in a culturally and lin8vlstically appropriate way. We are proud to continue providing our talking therapies and p5ycho-education workshops a5 Scheduled. We continued to provlde online workshops for Persian speakers in the UK and all around the world. We also resumed our book-reading club fol our client5. Regarding the funding. we successfully secured £7,500 from the Clothworkefs, Company for the procurement of IT eqijipment and office furniture. Page 2
Docusign Envelo ID." 1A22430F-880B44D2-9CF(YBSA60FOC485B FAR50NPHONE ASSOCIATION IN BRITAIN BOARD OF TRUSTEES REPORT FOR THE YEAR ENDED 31 MARCH Z024 (Continued) More recently we also secured additional funtling of £177,700 from the City Bridge Trust over five years. starting from the 2024-25 financial year. This grant aims to expand our exi5tin8 work. enabling us to support more individuals and covering direct projert Costs such as counsellor sessional fees, clinical supervision. and activity session leader5. The funding will support.. •The provision of integfatlve one-to-one counselling. •The delivery of classes and groups. includinl art, yoga, mindfulness. and music 5e55ions. •The facilitation of mental health workshop5 on various topics, includin8 depression and anxiety. Improvlng Acces5 to Psychological Thernpies (IAPTJ ond Farsophone's engo¢ment in it Since Decembef 2014 Mulrilingual Wellbein8 Service5 IMWSI land through it Farsophone and Meridian) have been part of a consortium providin8 IAPT Ilmprovin8 Access to Psychological Therapiesl services. The service ha5 been provided through sutcession of contracts awarded by Barnet Menlal Health commissioners to a consortium. Multillngual Wellbeing Service5 IMWSI has acted as a subcontractor to the lead partner which since October 2017 has been 8arnet. Enfield and Harln8ey18EHI Mental Health Tfust. The IAPT service provldes psycholo8ical therapy for common mental health problems such as depression and anxiety. Many of the treatments are based on talking therapies that help people regèin their well-bein8 in ways that work best for them. Vnder the controct. we pfovide 'Step 2" guided self-help interventions, and 'Step 3" cotjnselling and CBT (Cognitive Behavioural Therapy). We afe pleased that the contract with Multilin81bal Wellbeir¢g Services IMWSI was extended for a yeor from April 2023 and again for another year from Apiil 2024. In 2023-24 we consistently met the monthly target for the p5ychoeducatlon workshops. successfully reaching a total of 724 for the year. This 15 against the tar8et of 720. Ouf performance on Step 2 8uided self-help missed the mark with a total throughput rate of 93 over the annual target of 120. This was solely attribuied io the lack of fefefrals from the Central Team. who In iurn was experlencing the same challenges in not receivin8 sufficient new referrals from the usual mental health agencies. To miti8ate aaainst this unexpected turn of events. we arted proactively by 8enerating as many new referrals as we could through our sources. We also managed to slightly Increase our Step 3 work by %S, which is a key aiea where the Central Team have needed support to help tackle their waiting lists. Throughout the year, we have continued to work closely with the new management tearn at the 8arnet Talking Therapie5 of the Barnet, Enfield and Harin8ey IBEHI Mental Health NHS TrLSSt to ensure that our service remains complementary and responsive to any changes and that it continues to run seamlessly as one service. We pay tribute to the hard work and hi8h professional Standards maintalned by Faisophone's Counselling and Mental Health Services team which have made this possible. Senlor Adults Servlce Far50phone A550ciation was a pioneef in transforming daytime events for senior adults Startlng from 2006. Previously such events elsewhere were quiet gatherings With tea and biscuit, In ¢ollaboration with many volunteer5 and the service users themselves. we developed ihese events so that they expanded to daytime parties with delicious hot food and salad (prepared by volLtrnteers andlor delivered by populor restaurants), a large selection of fresh fruits and above all live muslc, dance and other performance by professionals antl the guests themselves. Moving to the Meritage Centre of Age UK Barnel In Hendon. average number of people attendin8 these events steadily increased over the years and was regularly exceeding 70. Far from being toncerned about the "competition" we shared our experience and entouraged other organisations to hold similar events. Over time the quality and availability of such event5 lor the Iranian community in London improved significantly. For various reasons, includlng the availability of alternative events in other parts of London and a generational change. the number of people attending has gone down to around 20-30. IThe demand for our special Seasonal events 15 usually more than our Hèll's capacity of 100.) From early 2020 we had to SV5pend all events because of the Covid- 19 Pandemic. Our organisers and volunteer5 have maintained contact with our users through regular telephone conversailons. We hope to have in person event5 a8ain as soon as It is safe to do so. However, we will be reviewing the Service in conjunction with our volunteers and guests to explore ways of updating and developing it to match the changing needs and aspirations ol our volunteers. our Ipotentiall guests. and the community in general. Welfare and Legal Servlce The charity continued Its Welfare and Legal information and support Service through the work of dedicated volunteers. This has been principally through active and 5UPPOrtive 5i8n posting to more speciallst organisation5. Page 3
Docusign Envelo ID". 1A22430F-880B44D2-9CFO-8SA60FOC4858 FARSONPHONE ASSOCIATION IN BRITAIN BOARD OFTRUSTEE5 REPORT FOR THE YEAR ENDED 31 MARCH 2024 Icontinuedl - draft Cultural Actlvltles l. Libmry Until February 2017 we maintained our Persian lendin8 library service through the work of dedicated volunteers. We also had a 'branch" at the Merilage Centre. Our library members, particularly older adult5, benefited from this convenient facility which wa5 rnore accessible. We hoped to be able to dedicate more resources to the Library service, first definin8 a lon8 term strategy for it and then tspgrading the Service actordinely In the future. We have also experimenied with hosting artistic and cultural activities of interest to the tommunity. The future library service may well be closely linked to other cultural activities hosted or facilitate(I by Farsophone Association. The Library team were working on introducin8 a new computer software lor the library. However the need to move from our premises at Golders Green Public library has meant that the l¢brary servlce had to be suspended. We are pleased to report that since September 2018 the Ilbrary service has bèen open to the public at our very suitably furnished and fully acce551ble new premises at the annex to Edgware library. The pandemic affected this service but we have provided a service on demand, Currently the Library is open to the public for at least nine hours per week on Mondays, Thufsdays and Saturdays. 2, Cultural aub. 8orbad Farsophone's cultural club, Barbad, has in the past or8anised very successful and popular events celebratin8 festivals in the Iranlan calendar. In 2011-12, the board of trustees and the relevant volunteers reviewed our activities in this are decided to refocus our limited resource5 more effectively. We ran special 60+ parties on such occasions until all such events were suspended due to the pandemic, We are reviewin8 this area of activity for the future in the context ol an overall plan. 3. H05tlnq olart clu$5e5 and culturol octlvlties In the summer of 2015 we started a pllot of hostin8 art classes and cultural activities al the Meritage Centre on Sundav afternoons which were well received. More recently, it has been Increasingly difficult to manage this servlce and with effect from l October 2019, we decided to suspend It. Communlty & En¥lronment Between 2011 and 2015, we took part In various actlvities relatin8 to the green environment. In 201>16 our volunteers took the initiative of startlnl a communlty allotment In 8arnel. They spent much time creatin8 3 wonderful green and welcomin8 environment from a piece of previously unused lond in Whetstone Allotment Stray. This project continued until 2019 but we have slnce detided to Suspend the project and the allotment lease was not renewèd. Community support The charity has depended on the communities surrounding it in two vltal ways.. partlclpalion of volunteers at all levels, and generous donations by individuals and local businesses. Volunleerin8 continues to be central to our ethos and OUT activities are mainly led and inspired by volunteer5. We have also benefited from small and lar8e donations from members and supporters without which we could not continue. Fin(11 review Total income in the year amounted to £146,133 12022123.. £140.0471 wlth total expenditure amounting to £162,722 12023123.. £166.5511 givin8 a delicit for the year of £16.589 12022123.. £24,849). Accumulated income reserwes at the balance sheet date were in surplus in the sum of £20,792 lunre5trictedl 12022123.. £43.8491 whilst capital reserves amotsnted to £6,468 Irestrictedl12022123.' ierol 8iving a total reserve 5urplu5 of £27.26012022123.. £43,849). Page 4
DSIgn Envelope ID.. 1A22430F-880844D2-SFO-BSA6OFOc485B FARSONPMONE ASSOCIATION IN BRITAIN BOARD OF TRUSTEES REPORT FOR THE YEAR ENDED 31 MARCH 2024 Continued -TEXT AND NUMBERSTO BE UPDATED Future developments The board of trustee5 follows a fundin8 Strategy based on a range of funding sources from small re8ular pef50nal donations through to 8rants from charitable trLtsts for specific projects as well a5 NHS contracts for delivering mental health service5. It 15 just as important to Strengthen ènd expand the organi5ation's community links. This will help ensure that it remains sen51tive and accountable to the community. It will also ensure that it continues to benefit from wide support rnorally, finantially and through the direct contribution of volunteers in it5 activitie5 and leadership. Rlsk mana8ement The board of tfustees actlvely reviews the major risks which the charity faces on a regular basis. It has continued to maintain strong controls over key financial systems. The board of trustees is very aware of the risks involved In rapid 8iowth without sufficient capacity for strong management and governance. It is taking steps to enSLSre that the organi5alion develops in a balanced way and invests sufficiently in its management and 8overnance capacity. Reserves Pollry The charity has o capital reserve representing the net book value of the functional fixed assets held at the balance sheet date. Unrestricted reserve5 relate to donations an(1 other self generated Income, which are used by the charlty to further Its alms and cover cost5 not funded by grant income. The charlty aim5 to maintain 8eneral funds equivalent to tetween three and Six months of annual expenditure (average in the previous three flnanciJl yeafs.1 statement of trustees. responslbllltl*s Law applicable to charitie5 in England and Wales requires the bc•ard of trustee5 to prepare flnancial stotements for each finan¢lal year whlch give a true and fair view of the charltv's financial activities durlng the year and of its financlal posltlon at the end of the year. In preparin8 those finJnclal statements, the board of trustees are requlred to., select suitable accounllng pollcles an(1 apply them consistentlv, make judgment5 and estimates that are reasonable and Pfudent.. prepare financial statemenis on a going concern basis unle55 It is inappropriate to presume that the charity will continue in operation. The board of irusiees are responsible for keepink accounting records which disc105e with reasonable aecuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011. They are also responsible for 5afe8uarding the asset5 of the charity and hence for taklng reasonable steps for the prevention and detection of fraud and other irregulafitie5. In accordance with Charity Law, as the charity's trustees, we certify.. so far as we are aware, there is no relevant audit information of which the charity's auditors are naware.. and as the trustees of the charity we have iaken all steps that we ou8ht to have taken in order to moke ourselves aware of any relevant audit inforrnation and to establlsh that the charity's auditor5 are aware of the information, Approved * the bpard of trustees and 558ned on its behalf by.. Mr Mohsen Flkharl Trustee. Treasurer 29 jonuory 2024 2DF2SFDe8604450 Page S
Docu5 Envelope ID.. 1A22430F-880844D2-9CFO-85A60FI)C4858 FARSONPHONE ASSOCIATION IN BRITAIN INDEPENDENT EXAMINERS REPORTTO THE TRUSTEES OF FARSOPHONEASSOCIATION IN BRITAIN I report on the financial statements of the Farsophone Association in Britain for the year ended 31 March 2024. which are set on page5 7 to 14. Respective responslbllltles ol trustees and examiners The Charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 and that an independent examination is needed. It is my responsibility to.. examine the account5 under section 145 of the 2011 Act,. follow the pfocedure5 laid down In the General Directions given by the Charlty Commissioners under section 1451511bll7llbl of the 2011 Act., and state whether particular matters have come to our attention Basis of independent examiners report My examination was carried out In actordance with General Directlons given by the Charlty Commissioner5. An examlnation includes a review of the accounting recoid5 kept by the charity and a comparison of the accounts presented with those fecords. It also include5 consideration ol any unusual items or disclosufe5 in the accounts. and seeking explanatlons from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be requlred in an audit, and consequently. no oplnion is given as to whether the accounis present a 'true and fair view, and the report is limited to ihose matters set out in the statement below. Independenl examiner's st•tement In connection with my examination, no matter has come to our attentlon.. 111 which gives us reasonable cause to believe that in any material respect ihe requirement5'. . to keep accounlinB records in accordance with sertion 130 of the Charities Acl 2011.. and to prepare account5 which accord with the accountin8 record5 and comply with the accountin8 requirements ol the 1993 Act have noi been met; or 121 to whlch, In my oplnion, attention should be drawn in order lo enable a proper understandin8 01 of the accountin8 records lo be reached. OEW97887F34Fa Chrlstos Llond•rls Liondari5 & Co Certilled Publlc Accountan15 Coach House Bellevue Road Friern Barnet london Nll 3NY ¥kl12025 Page 6
Docusign Envelope ID.. 1A22430F-880B44D2-SfFO-BSA60FOC485B FARSONPHONE ASSOCIATION IN BRITAIN statement of financial artivities For the year ended 31 March 2024 Restrlttedl Endowment Funds Unre5trictedl Oesi8n•ted Funds Tot•1 2023 24 Total 2022 23 Notes Income: Incomefrom other charitable activities Fundraising & other income 2&3 7,500 138.633 146.133 140,047 Tol•l Income 7.$00 138,633 146.133 140.047 Expenditure Expenditure on charitoble octivities.. Direct Charitable expenditure Governance ond Sijpport costs 1,032 157,490 158,522 161,296 4,200 4.200 3,600 Total expendilure 1,032 161.690 162.722 164,896 N¢t Incomellexpendlture) and n•t movements In funds before galns and1055es on Investments 6.468 123,0571 116,5891 124,8491 Totll funds brouiht forw•rd 43.849 43,849 68.698 Total lunds carrled forwjrd 6,468 20.792 27,260 43.849 The statement of financial activities includes all gains and1055es in the year. All incornlng re50urce5 and resources expended derlve from Continuin8 aCtivitie5. Page 7
Docusign Envelope ID.. IA22430F-880B44D2-9CFO-B5A60FOC485B FARSONPHONE ASSOCIATION IN BRITAIN BALANCE SHEET AS AT31 MARCH 2024 Notes 2023 2022 Flxed Assets Tangible fixed assets li 3.096 Total fixed assets 3,096 Current Assets Debtors Cash at bank and in hand 12 13,802 22.062 14,709 43,539 Total current asset5 35.864 58,248 Credltors., amounts fallln8 due wiihln one year 13 111.7001 114,3991 Net current assets 24,164 43,849 NET ASSErs 27,260 43,849 The funds of the ChJrlty: Unrestricted income funds.. Restricled capltal fund 14 14 20,792 6,468 43,849 TOTAL CHARITY FUNDS 27,260 43,849 These accounts are prepared In accordance wlth the spetial provisions of Part 15 of the Companies Act relating to small companies and constitute the annual accounts required by the Companies Act 2006 and are for circulation to members of the companv. The notes at pages 10 to 14 form part of these account5 Appfoved by the trustees on 29Januory 2025 ty.. 2SFO sen Trustee- Tfe•surer 4AE6B55AI Mr Faramarz Trustee Page 8
DoCLtsfi Envelope ID.. IA2243OF-880B44D2-gcFO-B5A60F46SB FARSONPHONE ASSOCIATION IN BRITAIN NOTES TO THE FINANCIALSTATEMENTS For the ear ended 31 March Z024 Accountin olicies The principal accounting policie5 adopted. judgment5 and key sources of estimatlon uncertainty in the preparation of finanoal statements are as follows 8a515 of Preparatlon The Financial statements have been prepared in accordance with Accounting and Reporting of charities SORP applichble to charities preparin8 their accounts in accordance with Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffective date I january 20151- Charities SORP IFRS 1021, the financial reportin8 Standard applicable in the UK and Republic of Ireland IFRS 1021 and ihe Companles Act 2006. Far50phone A550ciation in 8riiain meet5 the definition of Charity under FRS 102. Asset5 and liabilities are initially recognised at historical c05t or transaction value unle55 Otherwise stated in the relevant accounting policy Inotesl. Reconciliation with prevlous GAAP In preparing the accounts the trustee5 hove consldered whether in applylng the accounting policies required by FRS 102 and the Charities SORP FRS 102. the reinstatement of comparative item was required. At the date of transilion no other restatements were required. Incoming resoufces Income (including Income from government and other grants) Is reco8ni5ed when the charity has entltlement to the lunds, any performance conditions attached to the items of income have been met. it is probable that the income will be received and the amount can be measured reliablv. Interest and investment Income rÈcelvable Interest on funds held on deposit and income from investments held is included when receSvable and the amount can be measured reliable by the chJrity. Fund Iccountlni Unrestricted funds are available to spend on activitie5 that furthei any of the purposes of charity. Designated funds are unrestrirted fund5 of the chJrity whieh the trustees have decided at their discretion to set aside for a speciflc puipose. Restrict funds are donations or grants whlch the donor has 5peclfied are to be 501ely used for a particular purpose or area of the Tru5t'5 work or piojects bein8 undeftaken by the Trust. Expenditure and Irreco¥erable VAT Expendlture is recogni5ed once there Is a legal or conslructlve obllgation to make a payment to a third party. it is probable that settlement will be required and the amount of the obligation can be measured reliably. Expendituie is £13ssified under the following headin85'. -cost of raislng funds comprise the associated c0515 relatin8 to fund ralslne activitie5 expenditure on charitable activities includes the c05t of operating the advice centre and OLrtreath 5ervice5 management and administration intludes support costs for those functions that a5515t the work of the charlty Irrecover6ble VAT is charged as a cost a8ain5t the activity for which the expenditure has been incurred. Taxatlon As a grant aided charity with charitable status the charity's actlvitles do not create a charge to corporation tax. Operatln8 le•ses Rentals paid under operatin8 leases are tharged to income on a straighi Ilne basis over the lease term. Tan8lble flxed assets Tangible fixed assets for use by ihe charity are stated at cost less depreclatlon. Depreciotion is provided at rate5 calculated io write off the cost or valuation of fixed assets, less thelr estimated residual value, over their expected useful lives on the following base5.' office equipment- 25% Straight line bas15 Page 9
Docuslgn Envelope ID.. 1A22430F-880844D2-9CFO-B5A60FOC4858 FARSONPHONE ASSOCIATION IN BRITAIN NOTESTO THE FINANCIAL STATEMENTS For the ear ended 31 Marth 2024 Debtors Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discount5 due. Cash at bank and in hand Cash at bank and in hand includes cash and short term highly liquid investments wlth a short maturity of less than three months from the date of acqLbiSition or opening of the deposit or similar account. Credltors and pro¥i5ions Creditors and provisions are recogni5ed where the charity ha5 a Present obligation resulting from a past event that will probably result in the tiansfer of funds to a third party and the amovnt due to settle the obliRation tan be measured oi Fln•ncl•l Instruments The trust only has financial a55ets and financlal Ilabilities of a kind thai Qualify as bèslc financlal in5trument5. The tharity does not acqulre put options, derivatlves or other complex financial instrument5 and does not therefore face any financi•l risk. Pen51ons The Trust operate5 a defined contributlon pension scheme. Page 10
Docusign Envelope 1D..'1A22430F.880B44D2_F0_B5A6OF1K4B5B FARSONPHONE ASSOCIATION IN BRITAIN Notes to the financlal statements For the year ended 31 March 2024 l Legal status of the Trust The Trust is a registered charity 8ovefned by it5 constitution dated 8 March 1998 and amended on 15 June 1998. 24 january 2007, 10 October 2010, 28 October 2012 and 28 October 2018. 2 Flnandal perfom)ance ol the chaflty 2023124 2022123 Intome 146,133 140.047 Expenditure on charitable activities Governance c05t5 158.522 4.200 161,296 3,600 162,722 164.896 Net Income/le¥pendlturel 116,5891 124,8491 Total funds brought forward Total funds tarried forward Represented by,. Unrestricted fund5 Restricted funds 43,849 68,698 27,260 43.849 20,792 6.468 43.849 27,260 43.849 3 Incomlni re50urce5 Unrestrlcted Income.. Donations 3.003 4,392 MWS fees for well-beln8 servlces IIAPTI 135,625 135.625 Member5hlp fees 30 flestrlcted income: Clothworkers Foundation grant for equipment 7,500 146.133 140,047 4 AnJlysi5 of expendlture on ch•rbtable actlvltles Slalf co$15 Other running cost5 43.107 115,415 46.482 1141,814 158,522 161,296 5 AnJlysls of 8overnance and support cost Accountancy and independent examinalion Other rvnnin8 costs 1,200 3.000 600 3,000 4,200 3,600 6 Net Income Ilexpenditurel for the year This 45 Stated 8fter char8ing'. Depreciation owned asset5 Reportin8 accountants remuneration 1,032 1.200 198 Page11
Docusign Envelope ID.. 1A22430F.88o844D2-9CFB5A60Foc485B FARSONPHONE ASSOCIATION IN BRITAIN Notes to the financial statements For the year ended 31 March 2024 2023124 2022123 7 Analyse5 of staff costs, trustee remuneration and expenses. and the c05t of key manaRernent personnel Wages and salaries Employer's national insurance (net of Employment allowance) and Employer's pension contribution 42,033 44,948 1,074 1.534 43,107 46,482 The average number of staff employed during the year were as follows.. Direct charitable The number of employees whose emoluments as defined for taxation purp05e5 mounted to over £60,000 In the year were as follows.. 8 Trusiees, remuner•tlon The tfuslees were not pald or received any other benefits from the Charity durin8 the year in thelr capacity as trustees. 9 Related party transartlons There were no related party transactlons to be disclosed durin8 the year undef review. 10 Corporatl¢)n Tax The Charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 sectlon 252 of the Taxation ol Chargeable Gains Act 1992 10 the extent that these are applied to its charitable objects, 11 T•nilble fixed Jssets Office equlpment Tot•1 Cost: At l April 2023 Additions 8.620 4,128 8,620 4,128 At 31 March 2024 12.748 12,748 Depredation Al l April 2023 Charge in year 8.620 1.032 8,620 1,032 At 31 March 2024 9,652 9,652 Net book value At 31 March 2024 3,096 3.096 At l April 2023 All the charity's fixed assets are functional fixed asset5 used for charitable PUTposes and office running. Page 12
DOCfjn Envelope ID.. 1A22430F-8808-44D2-9CFO-8SA60FOC485B FARSONPHONE ASSOCIATION IN BRITAIN Notes to the financial statements For the year ended 31 March 2024 12 Debtors Amount5 due wlthln one year: Prepayments and accrued income Accrued income Other debtors 2023124 2022123 11,302 2,500 13,309 1.400 13,802 14,709 13 Credltors Amounts fallln8 due wlthin one year: Other taxation & social security Other creditors & accruals 1.044 10,656 209 14,190 11,700 14,399 14 Analysls of charltable funds Analysls of movement Sn unrestrlcted funds 2023124 Balance at 0110412023 Inter fund Transfer Balance at 3110312014 Income Expenditure General fund - unrestricted Restricted grants / fixed assets Resrricted grants Total funds 43,849 138,633 4,128 3,372 146,133 161,690 1,032 20,792 3,096 3,372 27.260 43,849 162,722 Analysls of net assets between funds Restrlctedl Endowment Unrestrlcted Designated Total Fixed assets Cash at bank Other net assets 3.096 3,372 3,096 22,062 2,102 18,690 2,102 20.792 6,468 27.260 2022123 Balance at 0110412022 Inter fund Transfer Balance ai 3110312023 Income Expendlture General fund Capital Reserve- designated 68,500 198 140,047 164.698 198 43,849 Total lunrestrictedl funds 68,698 140,047 164,896 43,849 Anatysls of nel assets between funds Restrbctedl Endowment Unrestrlcted Desl8nated Totsl Fixed assets Cash ar bank Other net assets 43,539 310 43,539 310 43,849 43,849 Page 13
Docusign Envelope ID: IA22430F-880B44D2-SfFO-B5A60FCC485B FAR50NPHONE ASSOCIATION IN BRITAIN DETAILED INCOME & EXPENDITURE For the year ended 31 Marth 2024 2023124 2023124 2023124 Total Endowment Unrestrlfled 2022123 Income Unrestricted incorne Donations MWS fees for well-b•n8 services IIAPTI Membership lees Grant for computer Equipment Iclothwoikers Foundation) fundraisin contract income and other 3,003 135,625 3,003 135,625 4.392 135.625 30 7,500 7,500 146,133 138,633 140.047 E¥pendlture Staff salaries Ilncludlng Nl & pension contribution) MWS administrator salary cost5 recharge Volunteer expenses (excludin8 60+ prolectl Administrator fees & Expenses DBS Insurance 43.107 14.030 2.813 850 67 1.652 181 43.107 14,030 2,813 850 67 1.652 181 46.482 14.262 1,597 1.165 86 1.540 86 1,503 Printing, postaBe, stèlionery and other office expenses Telephone and internet Repairs & maintenante (includes software & minor equlpmentl Accountancy and independent examination Fund application assistance Counselling supervisor fees Fee lo counsellors and IAPT theraplsts Zoom and Dropbox for meetin85 (mainly IAPT work5hop51 Sub5criptlons Depreclation of fimed a55ets- all re endowment fund Staff tiavel, subsistence or events Rent & service charges Training Other Expenses (Bank charges, recruitment advert, etcl 2.679 151 1,200 787 2,679 151 1,200 787 6,820 78.646 1,118 530 6,820 78,646 1,118 530 1.032 440 6,455 5.955 82.820 703 462 1,032 198 599 5,750 440 6,455 164 162.722 164 161,690 239 164,896 1.032 NET114COMINGIIOUTGOING51 IN YEAR 6,468 23,057 24,849 Page 14