Charty Registration No. 1084817 Company Registration No. 3852249 (England and Wales) FUTURE REGENERATION OF GRANGETOWN ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS For the year ended 30 September 2022 FUTURE REGENERATION OF GRANGEfowN LEGAL & ADMINISTRATIVE INFORMATION Trustees MrA Pearson MrJ L Murgatroyd Mr R N Grant Mrs A McGee Miss S Wilkinson Charity number 1084817 Company number 3852249 Registered office The Grangetown United Community Hub Derwentwater Road Grangetown Middlesbrough TS6 7PY Independent examiner Draycott & Kirk LLP 92 Westgate Guisborough TS14 6AP Bankers HSBC 60 Albert Road Middlesbrough Tsi IRS FUTURE REGENERATION OF GRANGEfowN CONTENTS Trustee5' report page3to8 Independent examinerfs report page 9 Statement of financial artNlties page 10 Balance sheet page 11 Notes to the financial statements page 12 to 22 FUTURE REGENERATION OF GRANGEfowN TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 3￿ SEPTEMBER 2022 The trustees. who are also the direttors of Future Regeneration of Grangetown for the purpose of company law, are responsible for preparing the Trustees. Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standard5 (United Kingdom Generally Accepted Accounting Practice). Company Law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resource5 and application of resources. including the income and expendtture. of the charitable company for that year. In preparing these financial statements. the trustees are required to- select suitable accounting policies and then appty them consistentty- observe the methods and principles in the Chorities SORP- make judgements and estimates that are reasonable and prudent- state whether applicable UK Accounting Standards have been followed. subjett to any material departures disclosed and explained in the financial statements: and prepare the financial statements on the 80ing concern basis unles5 it is inappropriate to presume that the charity will tontinue in operation. The trustees are responsible for keeping adequate accounting records that disclose wtth reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Companies Act 2(K16. They are alw responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detettion of frdud and other irregularities. FUTURE REGENERATION OF GRANGEfowN TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 3￿ SEPTEMBER 2022 The trustees present their report and financial statements for the year ended 30th September 2022. The accounts have been prepared in accordance with the accounting policies set out in note I to the accounts and compFy with the charity'5 governing document, the Companies Act 2006 and "Accounting and Reporting by Charities- Statement of Recommended Practice applicable to chartties preparing their actounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021" las amended for accounting periods commencing from l January 2016). Objectives and activities The charitys objects are to support any charitsble purpose for the benefit of the economically and socially disadvantaged are known as Grangetown. The policies adopted in furtherantr of these objects include: the advancement of education- the promotion of good citizenship- the elimination of unfair discrimination on the grounds of race or sex". the encouragement of equal opportunities- and the promotion of any other charitable purpose which will develop the capacity and skills of the inhabitants of Grangetown in such a way that they are better able to identify and help meet their own needs and to participate more fully in society. There has been no change in these during the year. The trustees have paid due regard to the Charity Commission's guidance on public benefit in deciding what activities the charity should undertake. FUTURE REGENERATION OF GRANGEfowN TRU5TEES' REPORT FOR THE YEAR ENDED 3￿ SEPTEMBER 2022 Achievements and performance It has been another busy and exciting year for FROG. We cannot underestimate the impact our services and activities make to people's lives. We would like to take this Opportunity to thank all our partners, funders. our board of trustees, volunteers, and dedicated staff. without you, none of this would be possible. We continue to deliver lots of events and activtties throughout the year including craft sessions, bingo, Easter/Halloween/Christmas parties and attwities. dance competitions. and celebratory events like weddings and christenings. Space has been provided for 3 more covid booster sessions through Dr Lone's Surgery and we have supported 3 new community groups with advice, access to fundin& and free space. A primary focus over the past year has been to provide extra support to address the impart of the cost-of- living crisis. The 'Next Stop Shop, continues to be a vital support to those who need help with low￿0St food and other Items, such as clothing. It is open 2 days a week, and as the cost-of-living crisis deepens and imparts on more people's lives. we have seen the numbers relyire on the shop grow, with up to l(Kl people a week now visiting the shop. In partnership with Public Health, FROG organised a cost-of-living event attended by 44 people from local schools, community groups. public and private sector. FROG hosted the first event in October 2022, and together with Public Health, we have set up a Health and Wellbeing Group where we can all share ideaslresources and identvfy gaps in services then look at what fundin8 is available. The first meeting was well attended by 16 partners. Advice Llnk Worker Commun Last year. our FROG Community Advice Link Worker sUPPOrted 340 people and put £48500 back into people's pockets. By accessin8 charitable grant5. the CALW has purchased many household items for families in need such as cookers, washing machines, carpets. fridges, freezers. and beds. We have provided emergency food parcels and fuel vouchers and have also helped support people struggling to stsy warm by providing wami home pack5, hot water bottles, quilts and bed socks. The project has created stronger links with other local bodies including schools. health visitors, Qrers Together, MIND and GP prartices. The FROG Community Advice Worker was also nominated by a social prescriber for the positive impact the project is having on patients referred from GP surgeries. Cornmtsn Builder One of our successful, ongoing projects is the Community Builder p05t. We have been successful in securing fundin8 to supwrt early discharge of patients from Roseberry Park Mental Health Hospital. FROG Community Builder visits homes before the patient 15 discharged from hospitsl and ensures their home is safe for them to return to. To date we have improved 45 patienvs homes by cleanin& de-clutterin& decoratin& and carryrnB OLIt small repair work. FUTURE REGENERATION OF GRANGEfowN TRUSTEES. REPORT FOR THE YEAR EIVDED SEPTEMBER 2022 Gran etown Boxi aub After opening the doors to the Grangetown Amateur Boxing Club in February 2022. the club now has 60 members of all ages, both male and female. The club now has 7 dedicated volunteer boxing coaches who provide sessions for children and young people aged from 6yrs upwards. The club is making a real difference to the children and young people in terms of self-confidence. fftness, supporting each other. teamwork, and improved behaviour at both school and at home. 5 of the coaches are now qualified level I, and 2 are level 2. All have completed first aid and safeguarding courses and are DBS checked. The club has passed all thecks to become officially affiliated to England Boxing Association. FROG Commun Trans ort FROG Community Transport Service provtdes support to patients who need to get to and from hospital and 'Home to School, runs for children wtth special needs. The contracts with NEAS and Redcar and Cleveland Council help create some su5tsinability within FROG as well as support 8 local job5. The seNice has been ongoing now for some years and we hope to continue this for years to come. FROG Commun Shed This is one of our new projects. Through grant funding, we have purchased and transfonned a 40ft container into a community space for people to leam new skills, meet and make new friends, support the local community, and improve mental health. The project will recycle and upcycle furntture, and build planters and benches that can be used to Improve the local environment or be sold to contribute towards funds that will help continue delivery of the project. The project has already attracted interest from Age Concern Dementia Group, MIND, Changing Futures and Leaving Care Team, the Women's Health and Wellbeing Group. as well as residents. The next sta8e is to work with residents, alongside a community artist, to design artwork on the outside of the container. Lookln to the future Key to the sustainabilrty of FROG will be to ensure the Community Enterprise Manager and the Finance Manager can increase trading and rental actNity to fully utilise our assets. FROG has already developed strong links with Tees Esk Wear Valley Foundation Trust. Our contract with NEAS has been ongoing since 2CK)8 and is one of our main sources of income and local job creation. We have also rented space again in the main hall for fitness sessions to be held there 3 nights a week. The Community Enterprise Manager has secured fundingfor business sUPPOrt from LARCH- LARCH we awarded funding to support social enterprises with inttial ideas or growth plans based in Hartlepool and Redcar. Funding will look at how we extend or reconfigure the Hub, as well as improving branding and marketing of the main events room, upstairs units and the play area. FUTURE REGENERATION OF GRANGEfowN TRUSTEES, REPORT FOR THE YEAR ENDED 3￿ SEPTEMBER 2022 Financial review The results for the year and the charl￿S final position at the end of the year are shown in the attached financial statemer¢ts. It is the policy of the charity that unrestricted funds. which have not been designated for a specific use, should be maintained at a level equivalent to between three and six month5 expenditure. The trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding. they will be able to continue the charity's current activities while considerdtion is given to ways in whith additional funds may be raised. This level of rese￿e5 has been mainLiined throughout the year. The trustees recognise the importance of maintainin8 rese￿e5 to set against unforeseen circumstances and, at present. the board considers an appropriate level to be £l50,Ix￿. The trustees recognise their resFKJnsibilities in respect of potential payments for items such as redundancies and other legislatNe requirements and will allocate and apply reserves as necessary to meet such obligation5. Of the total unrestricted reserves at the year-end of £1,708.845, £1,661.561 is represented by capital items gtving free reseThes of £47,284. The trustees have assessed the major risks to which the chartty is exposed and are satisfied that systems are in place to mitigate exposure to the major risks. The trustees recognise the importance of this function and have put in place all the relevant policies. Budgets and forecasts are prepared on a regular basis, and these are regularly reviewed and measured against perfomiance to minimise exposure to risk and allow tight control over expenditure. The organisation has recently reviewed its insurance risks. public and employee liability. and has adjusted the level of cover as appropriate. Any expenses paid to volunteers would merely be reimbursement of sum5 expended by them. The assets of the tharity include properties. vehicles. small machinery and office equipment, which are held by the charity to provide frdcilities to enable it to make and implement plans in the furtherance of its objectives. The charity, which is substantialty dependent on grants, is increasing its levels of earned income and is embracing the principles of social enterprise. The trustees believe this approach will continue to help create long temi sustainability- The trustees would once again like to express their thanks to our partners, funders, our Board of Trustees, our volunteers, and our staff, as without all their help and support, FROG could not continue to provide the much-needed activities and services to the residents of Grangetown and the Surrounding areas. We also thank the local community for supporting the events and activities at The Hub so helping to sustain FROG'S lon8-tem) future in the community it is here for. FUTURE REGENERATION OF GRANGETOWN TRUSTEES. REPORT FOR THE YEAR ENDED 30th SEPTEMBER 2022 Structure. governance, and management The charity was incorporated on l Ortober 1999. as a company limited by guarantee, to promote the Future Regeneration of GranEetown. The company took over the work of the Futu￿ Regenerat￿In of Gran8etown on l April 2CI)O. The trustees, who ère also the dIrec￿rS for the purpose of company law, and who Served during the year and up to the date of signature of the financial statements were- MrA Pearson Mrj L Murgatroyd Mr R N Grant Mrs A McGee Mlss S Wilkinson Trustees are recruFted through an exetutive committee which comprise5 representatives from tocal community groups who are affiliated to FROG. Each community group can send one rep￿SentatiVe onto the committee and can also send two members to vote in the AGM. None of the trustees has any beneficial interest in the company. All the trustee5 are member5 of the company and guarantee to contribute £1 in the event of a winding up. The number of trustees shall not be less than three but shall not be subjert to any maximum number. The trustees, powers are governed by the Articles of Association and financial contro15 ￿qUIre the si8nature of at least two trustees on any cheque or legally bindinE document in the execution of their duties. Trustees. meetings are held. and resolutions are passed by the majority vote. In the case of an equallty of votes. the thairman has a second castin8 Vote. Such resolutions passed are binding on all the trustees if the meeting is duty convened and attended by a quorum of one third of their number or two trustees. whichever is the greater. Minutes of the tru5teeg meetings and true records of financial attNities are requlred to be kept by the Articles of Association. The trustees have power to invest any income or capital of the charlty. and to raise loans. in fUrt￿ranCe of the objects of the charity. The trustees, report was approved by the Board ofTwstees. Mr A Pearson Trus Dated.. MrRNGrnnt Trustee Dated: FUTURE REGENERATION OFGRANGETOWN INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF FUTURE REGENERATION OF GRANGETOWN We report on the accounts of the company for the year ended 30th September 2022 which are set out on pages 10 to 22. Respective responslbllltles of trustees and examiner The charity's trustees, who are a150 the director5 of Future Regeneration of Grangetown for the purposes of company law, are responsible for the preparation of the financial statements. The trustees consider that an audit is not required for this year under settion 144121 of the Charities Act 2011 Ithe 2011 Artl and that an independent examination is needed. The Charity's gross income exceeded £250,000 and we are qualified to undertake the examination by being a qualified member of the Institute of Chartered Certified Accountants. Having satisfied ourselves that the Charity is not subject to audit vnder company law and 15 eligible for independent examination, it is our responsibility to: examine the accounts under section 145 of the 2011 Art: to follow the procedures laid down in the general Directions given by the Charity Commission under section 1451Sllbl of the 2011 Act.. and to state whether particular matters have come to my attention. Bas￿ of independent exarninerfs report Our examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the atcounting records kept by the charity and a Comparison of the financial statements presented with those records. It also indudes consideration of any unusual items or disclosures in the financial statements and seeking explanation5 from you a5 trustees concerning any Such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given a5 to whether the accounts present a 'true and fair view,, and the report is limited to those matters set otrt in the next statement. Independènt examinerfs statement In connection with our examination, no matter has come to our attention= lal which gives us reasonable cause to belteve that in any materi31 respert the requirements.. to keep accoLtnting records in accordance with seclion 386 of the Companies Act 2006,. and to prepare financial Statements which accord with the actounting record5. comply with the accounting requirements of sertion 396 of the Companie5 Art 2006 and with the methods and principles of the St3tement of Recommended Practice- Accounting and Reporting by Charities have not been met,. or to which, in our opinion. attention should be drawn in order to enable a proper understanding of the financial statements to be reached. C Ma50n FCCA Draycott & Kirk LLP 92 Westgate Guisborough TS14 6AP Dated.. 6/1/24 FUTURE REGENERATION OF GRANGEfowN STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR EIVDED 30th SEPTEMBER 2022 Total Total funds 2022 funds 2022 2022 2021 Income from: Donations and legacies Chzriiable activitle5 Other income 1,030 586,743 25,862 254.213 5354 195.223 449.436 5354 Total in¢ort 259.567 195223 454,790 613.635 endItU￿ on: Charitat￿e attwities 1319.4581 1174.9701 1494.428 1446,0501 Net lout¥oinBllin¢oml resources before transfe 159.8911 20.253 139,6381 167,585 Gross transfers between funds 44.665 144.6651 Netincomellexpendr£ure} forthe vearl Net m24J)71 259567 1319,4581 44fj65 1,708.845 21 FUTURE REGENERATION OF GRANGEfowN NOTES TO THE FINANCIAL STATEMETr¥fs- FOR THE YEAR ENDED 30711 SEPTEMBER 2022 15. Analysis of net assets between fvnds Totsl funds 2022 lunds 2022 2022 Fund balantes at 30th Septembèr1022 are represented by.. Tangible assets Current assets/lliabilitiesl Long tsrrn liabilities 1,660.207 77888 29250 8.269 106,396 1.668.476 184,284 29.250 I,708￿45 114,665 1,823,510 Restrkted funds 2021 Totsl funds 2021 2021 Fund balances at30th S¢ptsmber2021 are rep￿Sented by: Tangible assets Current assètsllllabilitiesl Long term liabilities 1.619.063 146.757 141,7501 27,937 111.140 1.647,000 257,897 141.7501 1.724.070 139,077 1,863,147 17. Related part transactions There were no d￿clO$able ￿lated party transartions dUrI￿the yeai12021- r￿Tre1 Remuneration of kty management peysonnel The remuneratioft of key managemert perwnnèl is as folkjws. 2022 20Zi regate conyrtsation 29.423 29,718 22