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2023-03-31-accounts

REGISTERED COMPANY NUMBER: 03952377 (England and Wales)

REGISTERED CHARITY NUMBER: 1087140

Report of the Trustees and

Financial Statements

for the Year Ended 31 March 2023

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

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Multi Faith Centre at the University of Derby

Contents of the Financial Statements for the Year Ended 31 March 2023

Page
Report oftheTrustees 1 to 7
Independent Examiner's Report 8
Statement of Financial Activities 9
Balance Sheet 10 to 11
Notes tothe Financial Statements 12 to 18
DetailedStatementofFinancialActivities 19

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Multi Faith Centre at the University of Derby

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Report of the Trustees

for the Year Ended 31 March 2023

The trustees are pleased to present their annual directors' report together with the financial statements of the charity for the year ending 31 March 2023 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 CompaniesAct 2006, the Memorandumand 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 slronger 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:

  1. CREATEAN INFRASTRUCTURE Producing a platform for the faith sector to come together to act strategically and maximise their impact. 2. FACILITATECOMMUNICATION Creating safe spaces for faith groups to hold conversations on social and communityissues common to everyone.

  2. 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 2023

OBJECTIVES AND ACTIVITIES

2022/23 Significant activities

Ukraine MFCsupported the University of Derby's Executive Board with developing its corporate response and messaging regarding the conflict. We liaised with the Ukrainian community and attended the Emergency Partnership meetings with representatives from intemational aid agencies and the local authorities and organisations to ensure consistent communication across the University, Students Union, and Chaplaincy and that offer of help were an appropriate response to clear need identified, and an effective logistics chain in place to the border with, or into Ukraine.

Ukraine Interfaith Vigil

In fine with our strategic objective of amplifying the role of faith in Civic Society, MFC supported the city's faith communities with organisation, marketing, and facilitation support to organise a prayer vigil at Derby Cathedral. We are grateful to the many faith partners who responded to our call to convene a task and finish group and to organise something poignant at such short notice.

Christian, Sikh, Muslim, Hindu, Quakers and the Ukrainian Catholic Church and Association of Ukrainians of GB, Derby Branch were represented. This event was an excellent example of interfaith collaboration that we hope to build on as we develop the city's faith infrastructure and networks.

Derby Faith Alliance We are grateful to Derby City Council for their financial support in 2022/23 to pay for MFC[facilitation][and][support][role][in][developing][the] Faith Alliance and faith infrastructure. During this period MFCsupported the establishment of a Faith Steering Group (which now includes representatives from the city's Hindu, Muslim, Sikh, Christian, Quakers, Jewish, Community Action, Derby City Council, and Derby Homes). MFCenabled the Faith Steering Group to meet 7 times during the year and submitted 5 funding bids to support its work. We provided vital administrative, project managementand delivery, fundraising and marketing support, MFCalso took the lead role in encouraging interfaith partnership working, particularly events and prayer vigils that encouraged unity and collaboration around key issues such as the Ukraine conflict and tensions between the city's Muslim and Hindu communities.

MFC also secured additional financial support from Derby Homes and the Derbyshire Office of the Police & Crime Commissioner to support the important community development and networking aspects of this work.

This additional support enabled a step change in developing a faith sector infrastructure plan whilst developing a strengths-based approach and improving faith networks and representation from underrepresented and unengaged communities. We have used this period to understand the longer-term infrastructure and resource requirements and develop longer-term infrastructure support plan for the faith sector.

As part of this work over the last twelve months, MFC has delivered:

"A Theory of Change for the faith alliance,

" A Meeting with Derby City Council senior leadership was hosted to establish shared vision of faith infrastructure for the city.

" A Milestone Plan for the implantation of the faith alliance. " Faith Community Development Workers recruited, inducted and line managed to implement relationship building and consultation activities.

community

Developing Relationships and Networks

MFC has continued to work to establish its strategic networks and ensure that faith is now embedded into several city and county partnerships, providing a faith voice and perspective in local strategic plans and policies.

"Derby & Derbyshire Safeguarding Board

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Multi Faith Centre at the University of Derby

Report of the Trustees for the Year Ended 31 March 2023

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OBJECTIVES AND ACTIVITIES

" Derby City Strategic Action Group: Rising Cost of Living

Cost of Living Crisis In May, as part of our work to support improved partnership working across faith communities and with civil society, we brought together voices from across the city's diverse faith communities to: " Highlight the impact that the cost-of-living crisis is having on local communities. " Communicate what support is available for those in need. " Discuss what faith communities can do to alleviate the impact and increase community resilience. " Plan for what faith communities can do in partnership immediately and in the coming months to support vulnerable people. We organised two sessions and heard that faith communities are on the front line, playing a vital role to those in need. Across the two events, 50 people participated. MFC produced a summary report of those discussions which has informed the work of the Derby City Council Strategic Action Group which formed to create a city-wide response and tangible actions that positively affect our residents and increase community resilience, Equalities, Diversity & Inclusion Network Conference MFCwas invited to be part of the University's EDINetwork and gave a keynote presentation which made the case for faith in Inclusion, Equity, Belonging and Allyship agendas. Faith Friendly Workplaces MFC, University of Derby and a network of 40 businesses (including Rolls-Royce pic, Thames Water, Ovo Energy) has formed a working group to support a Faith Friendly Workplaces initiative. The project focuses on the belief that faith is crucial part of healthy and happy workforces and that it can improve and enhances organizational performance and productivity. It is recognised that staff faith networks create value, a sense of belongingin the workplace and contribute to emotional and spiritual well-being. There is relevance and a business need for some form of ‘faith kitemark’.Thiswould enable organizations to articulate their commitment and engagement with faith as well as a continuous improvement framework for dealing with people and matters of faith in the workplace. External validation of faith friendly workplaces would strengthen the evidence base that faith makes good business sense. As part of this work, MFC has: 1. Created a partnership with business partners and the University of Derby's Knowledge Transfer Partnership. 2. Secured DRIVEN funding for an intern and academic support for the first stage of the project: a comprehensive literature review. 3. Completed the literature review to inform future stages of the project.

We are currently recruiting an intern for the second phase of the project.

Social Prescribing for All Project (SP4ALL) Given the much worse life expectancy and overall health reported in people from ethnic minority groups, the MultiFaith Centre partnered with the University of Derby, Talk for Health, and Community Action Derby to develop strategies to mitigate the health inequalities experienced by people from ethnic minority groups.

SP4ALL project created practitioner training for people from ethnic minority groups and cultural competence training for practitioners to learn together by building on existing Social Prescribing networks and therapeutic training with our partners.

We piloted a training model to support people from ethnic minority groups as champions of their own cultural knowledge and co-facilitators alongside practitioners with therapeutic training.

The findings informed research in the field of social prescribing nationally and internationally where the evidence base is rather limited. Particularly academics working with the voluntary, community, faith and social enterprise (VCFSE) sector will have better understanding of inclusivity in the VCFSE sector and its vital contributions to implementing Social Prescribing programmes across the UK.

Training

MFC delivered the following courses:

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Multi Faith Centre at the University of Derby

Report of the Trustees for the Year Ended 31 March 2023

OBJECTIVES AND ACTIVITIES

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 intemational 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.

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 £151,477 (31/03/2023). The board will budget to reduce this amount steadily in future years to ensure greater financial stability. The MFChas 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.

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Multi Faith Centre at the

University of Derby

Report of the Trustees

for the Year Ended 31 March 2023

FUTURE PLANS

MFC believes there is a need for infrastructure to facilitate and coordinate the faith alliance, rather than being involved in direct service delivery, We will continue to help articulate the strategic role for infrastructure as a facilitator, coordinator, and supporter of the faith alliance. MEFC's work in 2022/23 will focus providing facilitation support to the city's Faith Steering Group and our work will include:

1) Defining the role of infrastructure clearly and avoid the perception of creating a cumbersome and resource-heavy entity. Wewant to articulate an infrastructure modelthat is nimbleand lighi-touch while still being strategic and insightful. We need to counter past criticisms of infrastructure being too resource-intensive and putting power in the wrong hands. 2) Demonstrating the benefits of the alliance approach which can avoid competition, duplication, and piecemeal efforts by enabling strategic partnerships and empowering alliances to have a collective voice. 3) Creating a clear model that defines the role of infrastructure and encourages collaboration and coordinated efforts among stakeholders. 4) Establishing a framework that supports the alliance approach, identifies gaps in the current alliance structure, ensures effective resource allocation, and enables strategic partnerships for the benefit of the community. 5) Making the strategic case that infrastructure can play a crucial role as a facilitator, coordinator, and advocate. 6) Clarifying partner and stakeholder understanding and definition of the concept of Alliances and develop a shared language and understanding when using the term “alliance” to avoid confusion and misinterpretation. 7) Providing an understanding the strategic environment, engaging with stakeholders and commissioners, and articulating a model for funding the alliances. 8) Explore with stakeholders, funders and commissioners’ potential avenues of financial support and their role in supporting alliance infrastructure. 9) Formally launching the faith alliance with the support of faith communities, civil society stakeholders and public sector commissioners.

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.

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 Memorandumand Articles of Association dated 16 March 2000, amended, and submitted for approval and agreed by the Charity Commissionin 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.

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Multi Faith Centre at the

University of Derby

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Report of the Trustees

for the Year Ended 31 March 2023

STRUCTURE, GOVERNANCE AND MANAGEMENT

Organisational structure

The Trustees are responsible for decisions covering significant areas of MFCs affairs:

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.

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|||||||| |---|---|---|---|---|---|---| |REFERENCE AND|ADMINISTRATIVE|DETAILS| |Registered Company|number| |03952377|(England|and|Wales)| |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|(resigned|December 2022)| |Mr Guy J|Freeman| |Mr Graham|Falgate| |Mrs|Ruth|P|Dolby| |Qazi|Abdul|Mateen|(resigned|January 2023)| |Mr Ali|Pootschi| |Mr Andy Oakley| |Dr Hardial|Singh|Dhillon| |Dr Joanne|Bishton| |Mr Ejaz Sawar| |Mr Mohamed|Irshad|Baqui|(appointed|March|2023)|

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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 2023.

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, | 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 | have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.

Independent examiner's statement

Ihave completed my examination. | confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

  1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or 2. 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

  2. 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)).

| 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

M. J. Shapcott & Co. Limited Chartered Accountants

Charter House, Wyvern Court Stanier Way Derby DE21 6BF

12 September 2023

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Multi Faith Centre at the University of Derby

Statement of Financial Activities (Incorporating an Income and Expenditure Account) for the Year Ended 31 March 2023

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|||||||| |---|---|---|---|---|---|---| |2023|2022| |Unrestricted|Restricted|Total|Total| |fund|funds|funds|funds| |Notes|£|E|Zs|£| |INCOME AND ENDOWMENTS FROM| |Donations and|legacies|100,555|(99)|100,456|88,168| |Charitable|activities| |Projects|and|events| |29,250|16,976|46,226|20,417| |Other trading|activities|2|19,466|125|19,591|14,824| |Other income|-|47,334|47,334|-| |Total|149,271|64,336|213,607|123,409| |EXPENDITURE|ON| |Charitable|activities| |Projects|and|events| |120,791|78,808|199,599|137,119| |NET INCOMEKEXPENDITURE)|28,480|(14,472)|14,008|(13,710)| |RECONCILIATION OF FUNDS| |Total funds brought forward|(179,957)|1,416,418|1,236,461|1,250,171| |TOTAL FUNDS|CARRIED FORWARD|{151,477}|1,401,946|1,250,469|1,236,461|

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The notes form part of these financial statements

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Multi Faith Centre at the University of Derby

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Balance Sheet 31 March 2023

2023 2022
Unrestricted Restricted Total Total
fund funds funds funds
Notes a £ £ £
FIXEDASSETS
Tangible assets 6 580 1,322,477 1,323,057 1,335,816
CURRENTASSETS
Debtors		 7 290 - 290 3,365
Cash atbankand in hand 160,494. 79,470 239,964 160,933
160,784 79,470 240,254 164,298
CREDITORS
Amounts falling duewithin one year 8 (303,382) - (303,382) (256,952)
NETCURRENTASSETSI(LIABILITIES) (142,598) 79,470 (63,128) (92,654)
TOTALASSETS LESSCURRENTLIABILITIES (142,018) 1,401,947 1,259,929 1,243,162
ACCRUALSANDDEFERREDINCOME 10 (9,459) (1) (9,460) (6,701)
NETASSETS (151,477) 1,401,946 41,250,469 1,236,461
FUNDS 11
Unrestricted funds (151,477) (179,957)
Restricted funds 1,401,946 1,416,418
TOTALFUNDS 1,250,469 1,236,461

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

(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.

The notes form part of these financial statements

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Multi Faith Centre at the University of Derby

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Balance Sheet - continued

31 March 2023

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 12 September 2023 and were signed on its behalf by:

Libby Lane Bishop of Derby - Trustee

The notes form part of these financial statements Page 11

Multi Faith Centre at the

  1. ACCOUNTING POLICIES

University of Derby

Notes to the Financial Statements for the Year Ended 31 March 2023

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 entitlementto 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, itis probable that a transfer of economic benefits will be required in settlementand 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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Notes to the Financial Statements - continued for the Year Ended 31 March 2023

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|||||| |---|---|---|---|---| |2.|OTHER TRADING ACTIVITIES| |2023|2022| |£|£| |Lettings|19,591|14,824| |3.|NET|INCOME/(EXPENDITURE)| |Net|income/(expenditure)|is stated|after charging/(crediting):| |2023|2022| |£|£| |Depreciation|- owned|assets|12,759|13,055|

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4. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees’ remuneration or other benefits for the year ended 31 March 2023 nor for the year ended 31 March 2022.

Trustees’ expenses

There were no trustees’ expenses paid for the year ended 31 March 2023 nor for the year ended 31 March 2022.

  1. STAFF COSTS

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||||||||| |---|---|---|---|---|---|---|---| |2023|2022| |£|3| |Wages and|salaries|79,196|75,422| |79,196|75422| |The|average|monthly|number|of employees|during|the year was|as follows:| |2023|2022| |Administration|4|3|

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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

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Notes to the Financial Statements - continued for the Year Ended 31 March 2023

  1. TANGIBLE FIXED ASSETS

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||||||||||| |---|---|---|---|---|---|---|---|---|---| |Fixtures| |Long|and|Computer| |leasehold|fittings|equipment|Totals| |£|£|ie|£| |COST| |At|1|April|2022 and|31|March 2023|1,544,213|6,865|17,640|1,568,718| |DEPRECIATION| |At|1|April 2022|210,015|6,865|16,022|232,902| |Charge|for year|12,354|-|405|12,759| |At 31|March 2023|222,369|6,865|16,427|245,661| |NET BOOK VALUE| |At 31|March 2023|1,321,844|-|1,213|1,323,057| |At 31|March|2022|1,334,198|-|1,618|1,335,816| |7.|DEBTORS: AMOUNTS|FALLING|DUE WITHIN|ONE YEAR| |2023|2022| |£|£| |Fees|receivable|290|3,355| |Other debtors|-|10| |290|3,365| |8.|CREDITORS:|AMOUNTS|FALLING|DUE WITHIN|ONE YEAR| |2023|2022| |£|£| |Other loans|(see|note|9)|256,952|256,952| |Other creditors|46,430|-| |303,382|256,952| |9.|LOANS| |An|analysis|of the|maturity of loans|is|given|below:| |2023|2022| |£|£| |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 2023

10. ACCRUALS AND DEFERRED INCOME

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|||||||||| |---|---|---|---|---|---|---|---|---| |2023|2022| |£|£| |Accruals|and|deferred|income|9,460|6,701| |11,|MOVEMENT|IN|FUNDS| |Net| |movement|At| |At|1.4.22|in|funds|31.3.23| |£|£|£| |Unrestricted|funds| |General|(179,957)|28,480|(151,477)| |Restricted|funds| |Youth|4,557|-|4,557| |Restricted|Fixed|Assets|1,334,197|(12,354)|1,321,843| |Holocaust|Memorial|Service|4,923|(1,659)|3,264| |People's|Health|1,833|-|1,833| |PCC|24,674|(248)|24,426| |PVE|Training|6,325|-|6325| |Red|Cross|16,210|-|16,210| |BSBT|23,406|(211)|23,195| |ELS|Fund|293|-|293| |1 416,418|(14,472)|1,401,946| |TOTAL|FUNDS|1,236,461|14,008|1,250,469| |Net movement|in|funds,|included|in|the above|are|as|follows:| |Incoming|Resources|Movement| |resources|expended|in|funds| |£|£|£| |Unrestricted|funds| |General|149,271|(120,791)|28,480| |Restricted|funds| |Restricted|Fixed Assets|-|(12,354)|(12,354)| |Holocaust|Memorial|Service|26|(1,685)|(1,659)| |PCC|7,544|(7,792)|(248)| |BSBT|-|(211)|(211)| |UK Shared|Prosperity Fund|47,334|(47,334)|-| |Derby Homes|9,432|(9,432)|-| |64,336|(78,808)|{14,472}| |TOTAL FUNDS|213,607|(199,599)|14,008|

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Multi Faith Centre at the University of Derby

Notes to the Financial Statements - continued for the Year Ended 31 March 2023

11, MOVEMENT IN FUNDS- continued

Comparatives for movement in funds

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||||||||||| |---|---|---|---|---|---|---|---|---|---| |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| |Comparative|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|-|(281)|(281)| |17,813|(32,997)|(15,184)| |TOTAL FUNDS|123,409|(137,119)|(13,710)|

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Multi Faith Centre at the University of Derby

Notes to the Financial Statements - continued for the Year Ended 31 March 2023

11. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined position is as follows:

Net
movement At
At 1.4.21 in funds 31.3.23
£ £ £
Unrestricted funds
General (181,431) 29,954 (151,477)
Restricted funds
Youth 4,557 - 4557
Restricted Fixed Assets 1,346,551 (24,708) 1,321,843
Holocaust Memorial Service 6,463 (3,199) 3,264
People's Health 1,833 - 1833
PCC 25,683 (1,257) 24426
PVE Training 6,325 - 6325
Red Cross 16,210 - 16,210
BSBT 23,687 (492) 23,195
ELS Fund 293 - 293
1,431,602 (29,656) 4,401,946
TOTALFUNDS 1,250,171 298 1,250,469

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£ £ &
Unrestricted funds
General 254,867 (224,913) 29,954
Restricted funds
Restricted FixedAssets - (24,708) (24,708)
Holocaust Memorial Service 592 (3,791) (3,199)
PCC 24,791 (26,048) (1,257)
BSBT - (492) (492)
UKShared ProsperityFund 47,334 (47,334) -
DerbyHomes 9,432 (9,432) -
82,149 (111,805) (29,656)
TOTALFUNDS 337,016 (336,718) 298

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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 2023

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 £100,000 during the year (2022 - £86,924).

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 entitlementto charge interest at 5% on the loan until further notice and, therefore, no interest has been accrued for in these financial statements.

13.

LEGAL STATUS OF THE COMPANY

The charity is a company limitedby guarantee and has no share capital. The liability of each memberin the event of winding up is limited to £1.

14,

GOING CONCERN

The trustees have formed a judgementat 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 concem basis in preparing the financial statements.

15,

FUNDS IN DEFICIT

The unrestricted fund deficit currently stands at £151,477 compared to the 2022 deficit of £179,957. 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.

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Multi Faith Centre at the

University of Derby

|

Detailed Statement ofFinancial Activities
forthe YearEnded 31 March 2023
2023 2022
£ £
INCOME AND ENDOWMENTS
Donations and legacies
GiftAids and donations 456 1,244
Donated services and facilities 100,000 86,924
100,456 88,168
Othertrading activities
Lettings 19,591 14,824
Charitable activities
Projectsand events 46,226 20,417
Otherincome
Governmentgrants 47,334 -
Total incoming resources 213,607 123,409
EXPENDITURE
Charitable activities
Grosswages 79,196 75,422
Otherdirectcosts 67,931 §,822
147,127 84,244
Supportcosts
Management
Premises costs 28,391 28,391
Administrativeexpenses 7,736 7.471
36,127 35,862
Other
Long leasehold 12,354 12,354
Fixturesand fittings - 162
Computerequipment 405 539
12,759 13,055
Governance costs
Sundries - 1,575
Accountancyand legalfees 3,586 2,383
3,586 3,958
Total resources expended 199,599 137,119
Netincome/(expenditure) 14,008 (13,710)
—_ —

This page does not form part of the statutory financial statements

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