REGISTERED COMPANY NUMBER: 03952377 (England and Wales)
REGISTERED CHARITY NUMBER: 1087140
Report of the Trustees and Financial Statements
for the Year Ended 31 March 2022
for
Multi Faith Centre at the University of Derby
M. J. Shapcott & Co. Limited Chartered Accountants Charter House, Wyvern Court Stanier Way Derby DE21 6BF
Multi Faith Centre at the University of Derby
Contents of the Financial Statements for the Year Ended 31 March 2022
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|Page|
|Report|of the|Trustees|1|to|8|
|Independent|Examiner's|Report|9|
|Statement|of Financial|Activities|10|
|Balance|Sheet|11|to|12|
|Notes|to|the|Financial|Statements|13|to|19|
|Detailed|Statement|of Financial|Activities|20|to|21|
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Multi Faith Centre at the University of Derby
Report of the Trustees for the Year Ended 31 March 2022
The trustees are pleased to present their annual directors' report together with the financial statements of the charity for the year ending 31 March 2022 which are also prepared to meet the requirements for a directors’ report and accounts for Companies Act purposes.
The financial statements comply with the Charities Act 2011, the Companies Act 2006, the Memorandum and Articles of Association, and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015).
OBJECTIVES AND ACTIVITIES
Objectives, aims and public benefit
The Multi-Faith Centre (MFC) was founded in 2001 to build respect between people across different faiths and cultures. Since we opened, we have created a strong network of contacts in faith communities and with key public and voluntary organisations and developed a range of training and community projects with these partners.
More recently, because of the Covid-emergency, the Centre recognised that it could play a vital role as a connecting bridge between faith communities and civic society. It is an opportunity for the Centre to use its existing network and experience to forge a stronger strategic purpose and have a wider positive impact on local communities.
MFC's new, refreshed vision is a society where the diversity, expertise and richness of faith communities actively contributes to the building of safe, healthy, and cohesive communities throughout Derbyshire.
The MFC encourages and facilitates dialogue, co-operation, mutual respect and understanding between people from different faith communities and civil society, who by coming together aim to improve the wellbeing of vulnerable people living in Derbyshire.
To achieve this, we focus on four key objectives:
I. CREATE AN INFRASTRUCTURE- Producing a platform for the faith sector to come together to act strategically and maximise their impact.
-
FACILITATE COMMUNICATION Creating safe spaces for faith groups to hold conversations on social and community issues common to everyone.
-
NURTURE COLLABORATION Encouraging faith groups to join and then create partnerships with local authorities and key agencies.
4, PROMOTE CELEBRATION Shining a light on good news stories around the positive contribution faith communities make to our society.
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Multi Faith Centre at the University of Derby
Report of the Trustees for the Year Ended 31 March 2022
OBJECTIVES AND ACTIVITIES
Significant activities Governance:
The shadow of Covid and the subsequent lockdowns continued to impact the year. Consequently, the trustees undertook and completed two significant pieces of work to respond to the impact of the crisis.
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A strategic review of the charity's purpose and operations. This resulted in a clear and stronger strategic purpose (as outlined in the previous section) and the implementation of a new strategic plan, developed in consultation with partners and stakeholders.
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A governance review and action plan, to ensure the trustee board has the required governance expertise, strategic skills, and networks to support the plan.
Projects:
Two projects ended in 2021/22:
Roma Community Care (RCC)
Flowing from the strategic review, and after discussion with the project funders, project management of RCC was transferred to the St James Centre in January 2021.
This has enabled further development of a first-class comprehensive Advice Service that enables Roma people to move forward with their lives. It has created a more sustainable and resilient service for the Roma Community supported by the infrastructure and support of a larger charity.
MFC is proud of its role in supporting vulnerable Roma communities whilst raising awareness of their needs with local authorities and key agencies over the years. We are grateful for the generous support and guidance of the Tudor Trust, the Badur Foundation and Derby City Council and look forward to the projects next stage of development under the care of the St James Centre.
MFC remains committed to the success of the project having established a close and supportive working relationship with the St James Centre and will continue to offer support and practical help to ensure the project's continued success.
Race & Religious Hate Crime Project
Project ended with the end of funding in October 2021. The project created safe spaces to foster dialogue, build resilience and develop networks that supported victims and witnesses of hate crimes and incidents across Derbyshire. Significant project achievements included launching the project, building a network of organisations across the city and county, developing an online knowledge hub to share ideas and best practice, running Hate Crime Awareness activities and the successful launch of an Innovation Fund which supported community groups to trial new ways of working to tackle race and religious hate crime and support victims.
MFC looks forward to continuing its relationship with the new Derbyshire Police and Crime Commissioner and playing its part in ensuring the assets and expertise of the diverse faith communities contribute to making communities safer throughout the region.
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Multi Faith Centre at the University of Derby
Report of the Trustees for the Year Ended 31 March 2022
OBJECTIVES AND ACTIVITIES
Activities:
Derby Faith Steering Group
Over the last 12 months, MFC has brought together the city's diverse faith communities and senior leaders of Derby City Council to reflect on the emergency response to the pandemic and to understand how we can use this experience to recover as a resilient, more collaborative city.
Our Derby Keeping the Faith conference (May 2020) highlighted new experiences of collaboration and partnership across the city and pointed towards changing relationships between faith organisations and the local authority, and what the implications might be for future policy.
We learned that there is a desire amongst faith communities to organise and act strategically and a willingness to be active partners in the city's recovery and renewal. We also found a growing appreciation of faiths’ unique offer in helping the city's most vulnerable, but more needs to be done to support and develop innovation, partnership, and collaboration.
Our Building the New Normal conference in December 2021 brought faith communities and senior leaders from Derby City Council together to set out the ground rules for cooperation between faith groups and local councils that will help build confidence and trust on both sides and support them working together.
Building on the momentum from these events, the MFC was tasked by the City's Stronger Communities Board to re-establish a faith forum or alliance in Derby.
We have established a faith steering group. This group includes representatives from Muslim, Hindu, Sikh, and Christian faith communities along with Community Action Derby and Derby City Council's community development team. The group is chaired by the Very Revd Peter Robinson, Dean of Derby, and member of the University Governing Council.
The group is bringing forward proposals to ensure broad representation and diversity of membership to ensure all faiths are engaged (including those voices that are traditionally unengaged or under-represented such as women, minority ethnic communities, young people, and LGBT+ faith communities).
Given that a strength of faith communities is its hyper-local approach and its experience of working with the need of the most challenged communities, we believe that the sector is a huge, but under resourced asset to the city and county that can, if supported appropriately, be an effective partner in community renewal.
The work that the Multi Faith Centre and partners is doing is starting to shine a light on what can be achieved locally between faith groups and local authorities when they work together effectively. We are now working to bring the university alongside to build Derby's knowledge base, develop the faith sector's role in civil society and influence local and national policy and to improve the quality of life for all residents.
Developing relationships and networks
MFC has worked to establish its strategic networks and is now embedded into several city and county partnerships, providing a faith voice and perspective in local strategic plans and policies.
" Derby Stronger Communities Board
" Derby City Cost of Living Strategic Working Group
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Multi Faith Centre at the University of Derby
Report of the Trustees for the Year Ended 31 March 2022
OBJECTIVES AND ACTIVITIES
" Derby Health Inequalities Partnership
"Derby & Derbyshire Safeguarding Board
" Derbyshire 3D Network for Infrastructure Organisations
" University Pastoral Services Committee
" University Faith & Belief Network
Training
MFC delivered the following courses:
" Overcoming Islamophobia: training to provide greater awareness of Muslims and Islam, increased understanding of the issues related to Islamophobia and anti-Muslim discrimination.
" Overcoming Antisemitism: confidence building skills and strategies to prevent and confront prejudice, antisemitism, and hatred against Jews.
Events
MFC delivered, or co-produced the following:
" Reflecting on Faith Contributions during the Covid Recovery (May 2021)
"Peace Walk for Derby Peace Week (Oct 2021)
" National Hate Crime Awareness Week (Oct 2021)
" Students Shine a Light on Faith for Interfaith Week (Nov 2021)
" Building the New Normal conference (Dec 2021)
" An Evening of Poetry and Music for Holocaust Memorial Day (Jan 2022)
" Book of Remembrance for the late Desmond Tutu (Jan 2022)
Use of Premises
MFC is landlord to the University of Derby Chaplaincy service including its regular events and activities. These include a weekly Fair-Trade Lunch and choir practice, yoga classes and Mindfulness Meditation sessions. The Chaplaincy runs the Interfaith Buddies sessions, welcoming students of any or no faith to discuss their opinions and experiences and a welcome event for international students at the MFC. UoD (University of Derby) students and staff of different faiths extensively use MFC meeting spaces Quiet Room for prayers, meditation, and reflection.
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Multi Faith Centre at the University of Derby
Report of the Trustees for the Year Ended 31 March 2022
OBJECTIVES AND ACTIVITIES
Income from lettings and room hire continues to recover from the Lockdown period and is an increasingly vital income stream. New and repeat bookings from local community groups include Kaleidoscope, Viva Orchestra, Derby City Council, Conversations Across Faiths, Research Cafe (UoD), Studio 86 and ABRSM. In addition, MFC hosts a regular concert programme organised by Derby Chamber Music.
FINANCIAL REVIEW
Reserves policy
The charity constantly monitors its core activity costs against available core funding incomes throughout the year through budgets and forecasts. The unrestricted fund deficit currently stands at £179,957 (31.03.2022). The board will budget to reduce this amount steadily in future years to ensure greater financial stability. The MFC has negotiated a payment schedule with the University against the loan on its balance sheet and continues to put £12,450 a year aside for the University loan.
FUTURE PLANS
MEFC's work in 2021/22 has contributed to raising awareness of the faith sector's assets and potential, built networks and commitment, embedded faith into strategic thinking, created momentum, improved visibility and communication with the faith sector and civil society.
Our plans for the year ahead include:
" Securing funding to develop inclusive Faith networks and infrastructure and nurture collaboration.
" Developing the frameworks to ensure the local faith sector is increasingly flexible in responding to the changing needs of statutory partners and communities.
" Provide safe spaces for dialogue and hold conversations on social & community issues of fundamental concern to all faith communities, such as neighbourhood crime and safety, health inequalities and poverty.
" Support the development positive relationships between local faith, OPCC and local authority partners to enable faith communities to engage in delivering outcomes within local plans.
" Ensuring faith sector is involved in strategic development via the appropriate structures.
" Ensuring the voice of the faith sector is heard and considered and processes for communication and discussion at strategic and local level are recognised
" Co-ordinating and supporting community consultation and co-production
" Writing an investment plan to support the development of the city's Faith infrastructure.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
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Multi Faith Centre at the University of Derby
Report of the Trustees for the Year Ended 31 March 2022
The Multi-Faith Centre at the University of Derby is constituted as a Registered Charity (25 June 2001) and a Company Limited by Guarantee. It is governed by its Memorandum and Articles of Association dated 16 March 2000, amended, and submitted for approval and agreed by the Charity Commission in January 2006 and subsequently amended and agreed by the Charity Commission in March 2010.
Recruitment and appointment of new trustees
Under the amended Memoranduma total of fourteen Trustees are appointed as follows:
The Bishop of Derby
Six from faith members Three from the University of Derby Four independent members
Trustees shall be appointed as directors and trustees of the company for an initial term of up to three years. At the end of their initial periods of appointment Trustees may be reappointed or re-elected as appropriate for further periods of up to three years, except that no Trustee (except the Bishop of Derby) may serve for more than three such periods [nine consecutive years] without having stood down from the Board for a minimum period of one year.
The Trustees have no financial interest in the company.
Organisational structure
The Trustees are responsible for decisions covering significant areas of MFCs affairs:
-
Overall strategy and planning in accordance with the MFC's charitable purpose
-
Approval of budgets and development of key policies including financial and risk management. - Appointment and line management of the Director.
To carry out their duties effectively as a Board of Trustees, they are assisted by a few sub-committees: Finance, Human Resources, and Strategy & Performance. Other sub-committees or working groups may be convened for purposes required by the Board of Trustees.
The day-to-day management of MFC (Multi Faith Centre) affairs is delegated to the Director, Geoff Sweeney, who is responsible for overall organisational management. The Director is supported by an office manager (p/t) and finance officer (p/t) and project managers and staff relating to the projects MFC delivers.
Related parties
The charity has a close working relationship with The University of Derby. The University of Derby has representation on the board and provide funding to enable the charity to carry out its objectives.
Risk management
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. A risk register is maintained and reviewed at each Board meeting.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number 03952377 (England and Wales)
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Multi Faith Centre at the University of Derby
Report of the Trustees for the Year Ended 31 March 2022
Registered Charity number 1087140
Registered office University of Derby Kedleston Road Derby DE22 1XB
Trustees The Rt Revd Libby Lane, Bishop of Derby (Chair) Mr Shain Bali Mr Guy J Freeman Mr Graham Falgate Mrs Ruth P Dolby Qazi Abdul Mateen Mr Ali Pootschi Mr Andy Oakley Dr Hardial Singh Dhillon Dr Joanne Bishton (Appointed February 2022) Mr Keith Munnings (Resigned October 2021) Mr Ejaz Sawar (Appointed December 2021)
Independent Examiner Mrs KF Shapcott, FCA Chartered Accountant M. J. Shapcott & Co. Limited Chartered Accountants Charter House, Wyvern Court Stanier Way Derby DE21 6BF
Bankers Natwest Derby58 St. Peters Street . . ee DE! 1XL re
Solicitors Eversheds 1 Royal Standard Place Nottingham NG1 6FZ
Centre Director: Mr Geoff Sweeney
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Multi Faith Centre at the University of Derby
Report of the Trustees for the Year Ended 31 March 2022
STATEMENT OF TRUSTEES' RESPONSIBILITIES
The trustees (who are also the directors of Multi Faith Centre at the University of Derby for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) including Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland"
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 charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to
-
select suitable accounting policies and then apply them consistently;
-
observe the methods and principles in the Charity SORP;
-
- make judgements and estimates that are reasonable and prudent;
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.
Approved by order of the board of trustees on 10 October 2022 and signed on its behalf by:
The Rt Rev Libby Lane, Bishop of Derby (Chair of Trustees)
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+ Lildoy Dodo y
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Independent Examiner's Report to the Trustees of Multi Faith Centre at the University of Derby
Independent examiner's report to the trustees of Multi Faith Centre at the University of Derby (‘the
Company’)
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2022.
Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) 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 the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.
Independent examiner's statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
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accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
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the accounts 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 that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
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the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Mrs K F Shapcott, FCA Chartered Accountant M. J. Shapcott & Co. Limited Chartered Accountants Charter House, Wyvern Court Stanier Way Derby DE21 6BF
- 10 October 2022
Page 9
Multi Faith Centre at the
University of Derby
Statement of Financial Activities (Incorporating an Income and Expenditure Account) for the Year Ended 31 March 2022
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|---|---|---|---|---|---|---|---|---|
|2022|2021|
|Unrestricted|Restricted|Total|Total|
|fund|funds|funds|funds|
|Notes|£|£|£|£|
|INCOME AND ENDOWMENTS FROM|
|Donations and|legacies|87,602|566|88,168|97,557|
|Charitable|activities|
|Projects|and|events|
|3,170|17,247|20,417|91,097|
|Other trading|activities|2|14,824|-|14,824|4,295|
|Other income|-|-|-|10,000|
|Total|105,596|17,813|123,409|202,949|
|EXPENDITURE|ON|
|Charitable|activities|
|Projects|and|events|
|104,122|32,997|137,119|115,826|
|Other|-|-|-|46,038|
|Total|104,122|32,997|137,119|161,864|
|NET INCOME/(EXPENDITURE)|1,474|(15,184)|(13,710)|41,085|
|RECONCILIATION|OF FUNDS|
|Total|funds|brought|forward|(181,431)|1,43|1,602|1,250,171|1,209,086|
|TOTAL FUNDS CARRIED FORWARD|( 179,957)|1,416,418|1,236,461|1,250,171|
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The notes form part of these financial statements
Page 10
Multi Faith Centre at the University of Derby
Balance Sheet 31 March 2022
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|---|---|---|---|---|---|---|---|---|---|---|
|2022|2021|
|Unrestricted|Restricted|Total|Total|
|fund|funds|funds|funds|
|Notes|£|£|£|£|
|FIXED|ASSETS|
|Tangible|assets|6|7T4|1,335,042|1,335,816|1,348,871|
|CURRENT|ASSETS|
|Debtors|7|3,365|-|3,365|15,905|
|Cash|at bank|and|in|hand|79,556|81,377|160,933|161,320|
|82,921|81,377|164,298|177,225|
|CREDITORS|
|Amounts|falling|due|within|one|year|8|(256,952)|-|(256,952)|(256,952)|
|NET|CURRENT|
|ASSETSA(LIABILITIES)|(174,031)|81,377|(92,654)|(79,727)|
|TOTAL ASSETS|LESS|CURRENT|
|LIABILITIES|(173,257);|1,416,419|1,243,162|1,269,144|
|ACCRUALS AND DEFERRED|-|,|.|.|
|INCOME|10|(6,700)|(1)|(6,701)|(18,973)|
|NET ASSETS|(179,957)|_|1,416,418|1,236,461|1,250,171|
|FUNDS|11|
|Unrestricted|funds|(179,957)|(181,431)|
|Restricted|funds|1,416,418|1,431,602|
|TOTAL FUNDS|1,236,461|1,250,171|
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The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 in accordance with Section 476 of the Companies Act 2006.
The notes form part of these financial statements
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Multi Faith Centre at the University of Derby
Balance Sheet - continued 31 March 2022
The trustees acknowledge their responsibilities for
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(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
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(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on 10 October 2022 and were signed on its behalf by:
The Rt. Revd Libby Lane, Bishop of Derby (Chair of Trustees)
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* kaldoy Deb
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The notes form part of these financial statements
Page 12
Multi Faith Centre at the University of Derby
Notes to the Financial Statements for the Year Ended 31 March 2022
- ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) ‘Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland’ and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Allocation and apportionment of costs
Allocation and apportionment of direct costs are based on staff time spent on those activities. Fixed overheads are based on percentage of usage of those activities.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Long leasehold - over the period of the lease Fixtures and fittings - 25% on reducing balance Computer equipment - 25% on reducing balance
Only assets that are over a £5,000 capitalisation limit will be capitalised and depreciated in line with the above rates.
Taxation
The charity is exempt from corporation tax on its charitable activities. The charity is outside the scope of VAT. Unrecovered VAT suffered is written off to the relevant expenditure.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
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Multi Faith Centre at the University of Derby
Notes to the Financial Statements - continued for the Year Ended 31 March 2022
- OTHER TRADING ACTIVITIES
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||||||
|---|---|---|---|---|
|2022|2021|
|£|£|
|Lettings|14,824|4,295|
|3.|NET INCOME/(EXPENDITURE)|
|Net income/(expenditure)|is|stated|after|charging/(crediting):|
|2022|2021|
|£|£|
|Depreciation|- owned|assets|13,055|12,862|
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- TRUSTEES' REMUNERATION AND BENEFITS There were no trustees' remuneration or other benefits for the year ended 31 March 2022 nor for the year ended 31 March 2021.
Trustees’ expenses
There were no trustees' expenses paid for the year ended 31 March 2022 nor for the year ended 31 March 2021.
- STAFF COSTS
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||||||||
|---|---|---|---|---|---|---|
|2022|2021|
|£|£|
|Wages and|salaries|75,422|99,526|
|75,422|99,526|
|The|average|monthly number of employees|during|the year was|as|follows:|
|2022|2021|
|Administration|3|2|
|Project|-|__2|
|3|4|
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No employees received emoluments in excess of £60,000.
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Multi Faith Centre at the University of Derby
Notes to the Financial Statements - continued for the Year Ended 31 March 2022
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|||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
|6.|TANGIBLE|FIXED|ASSETS|
|Fixtures|
|Long|and|Computer|
|leasehold|fittings|equipment|Totals|
|£|£|£|£|
|COST|
|At|1|April|2021|and|31|March|2022|1,544,213|6,865|17,640|1,568,718|
|DEPRECIATION|
|At|1|April|2021|197,661|6,703|15,483|219,847|
|Charge|for year|12,354|162|539|13,055|
|At|31|March|2022|210,015|6,865|16,022|232,902|
|NET|BOOK VALUE|
|At|31|March|2022|1,334,198|-|1,618|1,335,816|
|At 31|March|2021|1,346,552|162|2,157|1,348,871|
|7.|DEBTORS:|AMOUNTS FALLING DUE|WITHIN ONE YEAR|
|2022|2021|
|£|£|
|Fees|receivable|3,355|905|
|Other|debtors|10|15,000|
|3,365|15,905|
|8.|CREDITORS:|AMOUNTS|FALLING|DUE WITHIN|ONE YEAR|
|2022|2021|
|£|£|
|Other loans|(see note 9)|256,952|256,952|
|9.|LOANS|
|An|analysis|of the|maturity of loans|is|given|below:|
|2022|2021|
|£|£|
|Amounts|falling|due|within|one year on|demand:|
|Other loans|256,952|256,952|
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The loan is provided by the University of Derby. The loan provided is interest free and is repayable on demand.
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Multi Faith Centre at the University of Derby
Notes to the Financial Statements - continued for the Year Ended 31 March 2022
- ACCRUALS AND DEFERRED INCOME
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|||||||||||
|---|---|---|---|---|---|---|---|---|---|
|2022|2021|
|£|£|
|Accruals|and|deferred income|6,701|18,973|
|11.|MOVEMENT|IN FUNDS|
|Net|
|movement|At|
|At|1.4.21|in|funds|31.3,22|
|£|£|£|
|Unrestricted|funds|
|General|(181,431)|1,474|(179,957)|
|Restricted|funds|
|Youth|4,557|-|4,557|
|Restricted|Fixed Assets|1,346,551|(12,354)|1,334,197|
|Holocaust|Memorial|Service|6,463|(1,540)|4,923|
|People's|Health|1,833|-|1,833|
|PCC|25,683|(1,009)|24,674|
|PVE|Training|6,325|-|6,325|
|Red Cross|16,210|-|16,210|
|BSBT|23,687|(281)|23,406|
|ELS|Fund|293|-|293|
|1,431,602|(15,184)|1,416,418|
|TOTAL FUNDS|1,250,171|(13,710)|1,236,461|
|Net movement|in|funds,|included|in|the|above|are|as|follows:|
|Incoming|Resources|Movement|
|resources|expended|in|funds|
|£|£|£|
|Unrestricted|funds|
|General|105,596|(104,122)|1,474|
|Restricted|funds|
|Restricted|Fixed|Assets|-|(12,354)|(12,354)|
|Holocaust|Memorial|Service|566|(2,106)|(1,540)|
|PCC|17,247|(18,256)|(1,009)|
|BSBT|=|_@81)___@81)|
|17,813|(32,997)|(15,184)|
|TOTAL FUNDS|123,409|137,119|13,710|
----- End of picture text -----
Page 16
continued...
Multi Faith Centre at the University of Derby
Notes to the Financial Statements - continued for the Year Ended 31 March 2022
- MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
----- Start of picture text -----
||||||||||
|---|---|---|---|---|---|---|---|---|
|Net|Transfers|
|movement|between|At|
|At|1.4.20|in|funds|funds|31.3.21|
|£|£|£|£|
|Unrestricted|funds|
|General|(196,001)|17,524|(2,954)|(181,431)|
|Restricted|funds|
|Youth|4,557|-|-|4,557|
|Restricted|Fixed|Assets|1,358,905|(12,354)|-|1,346,551|
|Holocaust|Memorial|Service|5,857|606|-|6,463|
|People's|Health|1,833|-|-|1,833|
|PCC|10,970|14,713|-|25,683|
|PVE Training|6,325|-|-|6,325|
|Roma|Care|115|(3,069)|2,954|-|
|Red|Cross|571|15,639|-|16,210|
|BSBT|15,661|8,026|-|23,687|
|ELS|Fund|293|-|-|293|
|1,405,087|23,561|2,954|1,431,602|
|TOTAL FUNDS|1,209,086|41,085|-|1,250,171|
|Comparative|net movement|in|funds, included|in|the above|are|as|follows:|
|Incoming|Resources|Movement|
|resources|expended|in|funds|
|£|£|£|
|Unrestricted|funds|
|General|117,137|(99,613)|17,524|
|Restricted|funds|
|Restricted|Fixed|Assets|-|(12,354)|(12,354)|
|Holocaust|Memorial|Service|606|-|606|
|PCC|32,007|(17,294)|14,713|
|Roma|Care|14,906|(17,975)|(3,069)|
|Red|Cross|18,389|(2,750)|15,639|
|BSBT|19,904|(11,878)|8,026|
|85,812|(62,251)|23,561|
|TOTAL FUNDS|202,949|( 161 864)|41,085|
----- End of picture text -----
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continued...
Multi Faith Centre at the University of Derby
Notes to the Financial Statements - continued for the Year Ended 31 March 2022
11. MOVEMENT IN FUNDS- continued
A current year 12 months and prior year 12 months combined position is as follows:
----- Start of picture text -----
|||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|Net|Transfers|
|movement|between|At|
|At|1.4.20|in|funds|funds|31.3.22|
|£|£|£|£|
|Unrestricted|funds|
|General|(196,001)|18,998|(2,954)|(179,957)|
|Restricted|funds|
|Youth|4,557|-|-|4,557|
|Restricted|Fixed Assets|1,358,905|(24,708)|-|1,334,197|
|Holocaust Memorial|Service|5,857|(934)|-|4,923|
|People's|Health|1,833|-|-|1,833|
|PCC|10,970|13,704|-|24,674|
|PVE Training|6,325|-|-|6,325|
|Roma Care|115|(3,069)|2,954|-|
|Red Cross|571|15,639|-|16,210|
|BSBT|15,661|7,745|-|23,406|
|ELS|Fund|293|-|-|293|
|1,405,087|8,377|2,954|1,416,418|
|TOTAL FUNDS|1,209,086|27,375|-|1,236,461|
|A|current|year|12|months|and|prior|year|12|months|combined|net movement movement|in|funds,|included|in|
|above|are|as|follows:|
|Incoming|Resources|Movement|
|resources|expended|in|funds|
|£|£|£|
|Unrestricted|funds|
|General|222,733|(203,735)|18,998|
|Restricted|funds|
|Restricted|Fixed Assets|-|(24,708)|(24,708)|
|Holocaust|Memorial|Service|1,172|(2,106)|(934)|
|PCC|49,254|(35,550)|13,704|
|Roma Care|14,906|(17,975)|(3,069)|
|Red Cross|18,389|(2,750)|15,639|
|BSBT|19,904|(12,159)|__ 7,745|
|103,625|(95,248)|__8,377|
|TOTAL FUNDS|326,358|298,983)|27,375|
----- End of picture text -----
A current year 12 months and prior year 12 months combined net movement movement in funds, included in the above are as follows:
:
Page 18
continued...
Multi Faith Centre at the University of Derby
Notes to the Financial Statements - continued for the Year Ended 31 March 2022
- RELATED PARTY DISCLOSURES
The charity has close working relationships with The University of Derby. The University has representation at the board. The University also makes a donation to the Centre and provides professional and other in-house premises services to the Centre for a fee.
The University also provide financial support by way of grant instalments amounting to £86,924 during the year (2021 - £61,924).
The University provided a loan towards the building of the centre. The loan balance is £256,952 at the end of the year. The University has agreed to waive its entitlement to charge interest at 5% on the loan until further notice and, therefore, no interest has been accrued for in these financial statements.
- LEGAL STATUS OF THE COMPANY
The charity is a company limited by guarantee and has no share capital. The liability of each member in the event of winding up is limited to £1.
14, GOING CONCERN
The trustees have formed a judgement at the time of approving the financial statements, that there is a reasonable expectation that the company has adequate financial resources to continue in operational existence for the foreseeable future. This is dependent upon the support of the charitable company's funding partners and bankers, which is expected to continue. For these reasons, the trustees continue to adopt the going concern basis in preparing the financial statements.
- FUNDS IN DEFICIT
The unrestricted fund deficit currently stands at £179,957 compared to the 2021 deficit of £181,431. The board will budget to reduce this amount steadily in future years to ensure greater financial stability.The majority of the deficits were accumulated during the formative years.
Page 19
Muiti Faith Centre at the University of Derby
| Detailed StatementofFinancial Activities | |||
|---|---|---|---|
| . | for theYearEnded 31 March 2022 | ||
| 2022 | 2021 | ||
| £ | £ | ||
| INCOMEANDENDOWMENTS | |||
| Donations and legacies | |||
| GiftAidsanddonations | 1,244 | 35,633 | |
| Donatedservicesand facilities | 86,924 | 61,924 | |
| 88,168 | 97,557 | ||
| Othertrading activities | |||
| Lettings | 14,824 | 4,295 | |
| Charitable activities | |||
| Projects andevents | 20,417 | 91,097 | |
| Other income | |||
| Government grants | - | 10,000 | |
| Totalincoming resources | 123,409 | 202,949 | |
| EXPENDITURE | |||
| Charitable activities | |||
| Gross wages | 75,422 | 99,526 | |
| Otherdirect costs | 8,822 | 15,702 | |
| 84,244 | 115,228 | ||
| Support costs | |||
| Management | |||
| Premises costs | 28,391 | 17,460 | |
| Advertising | - | 12,000 | |
| Administrative expenses | 7471 | 2,166 | |
| 35,862 | 31,626 | ||
| Finance | |||
| Sundries | - | 360 | |
| Other | |||
| Long leasehold | 12,354 | 12,354 | |
| Carriedforward | 12,354 | 12,354 |
This page does not form part of the statutory financial statements
Page 20
Multi Faith Centre at the University of Derby
Detailed Statement of Financial Activities for the Year Ended 31 March 2022
----- Start of picture text -----
|||||||
|---|---|---|---|---|---|
|2022|2021|
|£|£|
|Other|
|Brought forward|12,354|12,354|
|Fixtures|and|fittings|162|54|
|Computer equipment|539|454|
|13,055|12,862|
|Governance|costs|
|Sundries|1,575|-|
|Accountancy|and|legal|fees|2,383|1,788|
|3,958|1,788|
|Total resources|expended|137,119|161,864|
|Net (expenditure)/income|(13,710)|41,085|
----- End of picture text -----
This page does not form part of the statutory financial statements
Page 21