Registered Charity Number 1090701 Registered Company Number 04190545 ## **FRIEND IN NEED COMMUNITY CENTRE** [A company limited by guarantee] Trustee Report and Financial Statements for the year ended 31 March 2022 ## **Contents** |**Contents**|| |---|---| |**Introduction**|2| |**Management Committee and Governance**|3| |**Summary of Public Benefit**|5| |**Financial Review**|8| |**Trustees’ Responsibilities**|9| |**Simplified Accounts**|10| 1 ## **Introduction** The Trustees present their annual report and accounts for the year ended 31 March 2022 The Trustees are satisfied with the performance of the charity during the year in question. The full name of the charity is Friend in Need Community Centre and is also known by the acronym: FIN. The legal registration details: Date of incorporation: 29 March 2001 Charity registration number: 1090701 The registered office is: East Barnet Baptist Church Crescent Road East Barnet Herts EN4 8PS Company registration number: 04190545 ## **Bankers:** NatWest 120 High Street Barnet Herts. EN5 5FF ## **Auditors:** Alexander & Associates 5 Braemore Court Cockfosters Road Cockfosters Herts EN4 0AE The accounting recommendations of this SORP do not apply to charities preparing cash-based receipts and payments accounts. Charities preparing cash-based receipts and payments accounts must refer to the regulatory requirements of their jurisdiction(s) of registration regarding the format and content requirements for receipts and payments accounts and the trustees’ annual report. Charities in the UK and the Republic of Ireland must apply FRS 102 when preparing their accounts on an accruals basis unless eligible for, and opting to, prepare their accounts using the Financial Reporting Standard for Smaller Entities (FRSSE). 22. An eligible charity opting to apply the FRSSE when preparing its accounts must refer to the recommendations of the separate SORP applicable to charities preparing their accounts in accordance with the FRSSE. 2 ## **Management Committee and Governance** ## **The members of the Board of Trustees during the year ended 31 March 2022 were:** |Rev R Lazar–Chairman|Keith Nipps| |---|---| |Isaac Mani|Victoria Small| |Annette How|| The directors of the company are also trustees of the charity and their responsibilities include all the responsibilities of directors under the Companies Acts and of trustees under the Charities Act. Not all trustees are directors. At the Annual General Meeting all retire, but are eligible for reappointment. The appointment is for one year. ## **Nature of the governing document and the constitution of the charity** The organisation is a charitable company limited by guarantee, incorporated on 29 March 2001 and registered as a charity on 19 February 2002. The company was established under a Memorandum of Association that established the objects and powers of the charitable company and is governed by its Articles of Association. In the event of the company being wound up, members are required to contribute an amount not exceeding £1. ## **The methods and procedures for the recruitment and appointment of new trustees** New trustees are recruited through networking with local partners and from users and volunteers. Appointments are the decision of the serving trustees or the Annual General Meeting. The Management Committee comprises: The Chairman; Eight nominated members who shall be three members of East Barnet Baptist Church nominated by members of the Church in General Meeting (“The Church Members”); up to three persons nominated from churches who are in membership of Churches Together in New and East Barnet; one person nominated by a voluntary organisation working within our catchment area and one nominated by LBB. The Right to Co-opt as stated in the Constitution is as follows: - (c) The Secretary and Treasurer of FIN shall be appointed annually by the Management Committee, which shall give preference in making such appointments to its own members, but if none shall be willing to accept, it may co-opt any person or persons in sympathy with the aims of FIN. Not more than two persons co-opted pursuant to sub-rule (c) of this clause. 3 Not more than three persons, who shall be users or volunteers, may be co-opted by a two-thirds majority of the Management Committee present and voting. ## **The policies and procedures adopted for the induction and training of trustees** Induction at FIN is generic and training of trustees occurs under the umbrella of various support organisations e.g. the Charity Commission and Stewardship. ## **The organisational structure of the charity and how decisions are made** General management is the responsibility of the Charity Co-ordinator in consultation with the Chairman. Strategy and the fulfilment of the charitable objectives is vested in the Management Committee and decisions needing to be made are discussed in committee, with each trustee having a single vote, the Chairman having a casting vote. In order to achieve the Aims and Objectives of the charity, the Charity Co-ordinator delegates responsibility to other staff members for the successful management of their departments. 4 ## **Statement of Public Benefit Objectives, aims and activities of the charity A summary of the objectives of the charity as set out in its governing document.** The primary purpose is to relieve poverty, distress and sickness; in particular, by providing activity services for the elderly and housebound, neighbourhood care, support for carers, and community schemes, and to develop other services as deemed necessary from time to time. ## **The charity’s aims including the changes or differences it seeks to make through its activities.** The aims are very much the same as the objectives. Some of the changes and differences that we aim to achieve include, but are not exclusively limited to, prolonged habitation of clients in their own homes, as part of continued independent living and maintenance of as high a standard of living as possible; reduction in social isolation. The activities such as yoga and Tai Chi and seated exercise are to encourage a more active life style. ## **An explanation of the charity’s strategies for achieving its stated objectives.** To keep in place adequate paid and volunteer staff to meet the needs of FIN clients in all areas of operation and for maintaining its fleet of vehicles to a standard that they are always available for use by our clients. Have a variety of services and activities to entice clientele to live more positively through participation in less sedentary pursuits. Maintain working relationships with our partners and inform them of noticeable changes to the health and welfare of mutual clients. Apply to grant making trusts for funding to enhance the services on offer. ## **The Charity’s grant making policies** FIN Community Centre does not give grants. ## **Social or programme related investment** No direct financial investments are made, but investment in the lives of our clients is made through the services offered by FIN. The activities offered by Friend in Need are designed to help people [it’s clients] maintain a healthy lifestyle, through various forms of exercise, social activities around a cup of tea and a piece of cake, as well as cooked meals; the provision of information and advice concerning nutrition, financial affairs [benefits]etc. We refer to other organisations, when necessary. 5 ## **The contribution of volunteers** FIN would not be able to operate without its dedicated volunteers. FIN has approximately 40 volunteers working across all areas of service delivery, from cleaning up, to one to one interaction with clients, for example. Volunteers give as much time as they are able and even one hour per week is welcome, although we ask for a minimum commitment of 6 months. Moreover, like all voluntary organisations, we are constantly in need of new people. This is particularly so, as many of our long serving volunteers are inevitably ageing. Volunteers work as administrators, activity facilitators [play games, lead quizzes etc.] serve refreshments and meals, drivers, befrienders etc. Volunteer drivers, on reaching the age of 70, cannot drive a minibus without undergoing a medical which is not available on the NHS. ## **Summary of the main activities of the charity in relation to its objectives** The summer months of 2021 proved turbulent as the Management Committee’s concern about the financial viability of the organisation deepened. There was of course no core funding coming in anymore from Age UK (this being pulled the previous autumn) for reasons of further funding cuts by the local authority. The committee and the Director looked at ways to cut expenditure, while increasing income and the difficult decision was taken that staffing would need to be cut or hours reduced in order to make FIN viable going forward. And so a period of consultation with the staff began that had the potential to lead to redundancies. The result of the consultation was that the Director and one other staff member selected redundancy. The other staff member’s agreed to take a 50% cut in their hours, meaning FIN could keep the doors of Activity Centre open two days per week. The Activity Centre is now open Mondays and Thursdays and continues to help decrease social isolation and gives respite to carers, by having the “cared for person” at the centre. With Dementia increasing, we find that those affected need to be cared for on an individual basis i.e. Dementia affects people in innumerable ways. Hence, when responding to the needs of our clients, the staff must be creative. Clients continue to enjoy themselves and we are slowly growing our membership once again. We have a thriving Lunch Club on a Tuesday for those more mobile and able to travel to the centre independently. It is well attended and provides an opportunity to socialise and have a homemade two course meal, followed by tea and coffee. Our other weekly activities include: seated exercise, Yoga, Tai Chi, dance, massage, foot care. There is a monthly rolling programme of activities each afternoon. 6 We also continue to loan out vehicles to other local, charitable organisations so that older people and those with disabilities, benefit by being able to get out and about. The FINshopping+ service continues to run and is a lifeline for those who are housebound. We continue to facilitate cash handling for clients unable to access their bank accounts. ## **Fundraising activities** We have a wonderful, volunteer led fundraising committee who dedicate so much time to raising money for FIN. Sadly of course, our fundraising activities were severely curtailed by Covid restrictions throughout 2021 but once we were able we managed to hold a couple of our regular events and raised just under £3,500.00. We will be looking to ramp up our fund raising activities as this is vital source of revenue for the charity. ## **Factors relevant to the achievement of the charity’s objectives** - A contented and motivated staff team [paid and voluntary]; - Seeking new financial support by grant making bodies; - Increasing charges for services; - The fund raising team focussing on wider horizons; - - A Board of Trustees positively focussed on the aims and objectives; The considered opinion of the Voluntary Sector is that people will deteriorate quicker as the financing of preventative services reduces. ## **Employment of disabled persons** FIN has had both paid and unpaid staff with some form of disability, who have progressed in many ways since joining Friend in Need. Part of the ethos of Friend in Need Community Centre is to assist in the rehabilitation of people who have suffered in some way. It would be difficult for us to employ physically disabled people because of the age and frailty of some of our clientele. ## **Relationships with other groups, charities and individuals** FIN is looking to establish stronger links with local, like-minded organisations to be able to achieve its Aims and Objectives. In the past FIN worked with educational establishments to provide a suitable setting for students to gain work experience and fulfil particular academic requirements for their courses. Our clients enjoyed interacting with the young people and we are looking to rebuild these relationships which have diminished as the result of the Covid lockdowns. FIN does not have any subsidiaries. 7 ## **Financial Review** As outlined under the **Summary of the main activities** , the financial year ending March 2022 was extremely challenging. Like many smaller, charitable organisations FIN was hit hard by the Covid pandemic and the trustees had no choice but to take drastic action to mitigate the damage if the charity was to survive. Even when restrictions began to lift and we were able to reopen, our numbers were low and so revenue against costs saw FIN losing money week on week. Though our annual loss was significant (£25,488.00) for this financial year, it was markedly less than the previous years (£60,520). Certain exceptional, one-off payments (for example redundancy pay outs), impacted on our end losses but the trustees feel that the strategies put in place to stem the losses are working and that FIN is heading in the right direction. FIN is lucky in that it has money in reserve as the result of legacies bequeathed to it. FIN does not wish to be ‘surviving’ on this money as it should be used to grow and improve our services, rather than plugging an annual deficit. Therefore we will be looking to increase our revenue through greater activity centre membership, grant applications and increased fundraising activities. ## **Reserves Policy** FIN will also be looking at ways at making its reserve funds ‘work’ harder for the charity through some low risk investment opportunity. Professional advice will be sought for this. ## **Share Capital** Friend in Need is a company Limited by Guarantee and therefore has no share capital. ## **Plans for future periods** Continue to provide suitable services to the older population of Barnet; 8 ## **Statement as to disclosure of information to auditors** The Trustees, in their capacity as Directors, state that, as far as each of them, at the time of approving this report, is aware: - there is no audit information of which the auditors are unaware; - the Trustees have taken all steps necessary to make themselves aware of any relevant audit information and establish that the auditors are aware of that information. ## **Statement of Directors' and Trustees' Responsibilities** Charity Law and the Companies Acts require the Board to prepare financial statements for each financial year that give a true and fair view of the state of affairs of the charity at the end of the financial year and of the surplus or deficit of the charity. In preparing those financial statements, the Board is required to:- - select suitable accounting policies and then apply them consistently; - make judgements and estimates that are reasonable and prudent; - - prepare the financial statements on the going concern basis, unless it is inappropriate to presume that the charity will continue in business; - state whether applicable accounting standards and statements of recommended practice have been followed; subject to any material departures disclosed and explained in the financial statements. The Trustees are also responsible for maintaining proper accounting records which disclose with reasonable accuracy, at any time, the financial position of the charity and which are sufficient to show and explain the charity's transactions and enable them to ensure that the financial statements comply with the Companies Act 1985 [and amendments]. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The Trustees are also responsible for the contents of the Trustees' Report. The responsibility of the auditors in relation to the Trustees’ Report is limited to examining the report, and ensuring that, on the face of the report, there are no inconsistencies with the figures disclosed in the financial statements. 9 Simplified Accounts Fr6end In Need Communl eare ded 31 March r•n r•ct CIMrlt• LBB Olh•rfjiMts Fuwh gwan15 16235 10 L¥37 61026 14 233 PtrTr510 Vounl8or aThl $tgff Costs Ch¥[￿. 2. 145 672 8,574 ol￿al￿5 Funtrais 114 750 2551 13.OTrJ O 0￿￿ ¢osis Tmn5¢KYI Ex1￿$ Ibals & R•fr(￿rI15 CO*iS Ther8p*s and a¢irfflvJs Ltyat Iklpr¥J E8Bt 5.341 1042 4.425 121.334 113,78• Irbd•p&ndèni Ex&n*Nts' F scnPt￿JTr5 J.100 120 12.1 Lthl & Hoai Inswanc 1,491 ProfèssiMDI fÉ8 T8won& ano Fax StalU￿ and Prntw41 Lomwltyi Exp8ns4s Charge5 ZSAU ex￿1$9$ 6,172 3258 2,$00 70 62 Loss ity b)0 140.132 140 122 Balance Sheet as 31 March 2022 %YHAT WE OWN OR ARE OWED WHAT WE OWE ￿D FUIIDNG pith￿8 3.948 FM• R•¥•r¥•8 C4sh at aThJ m haftd 157728 46N 126.457 3.188 D•wn8ithJ LègBey FI￿3 D•sbJnalod Fund Its) 530 175.69) Re5trct@d I￿￿￿[¥￿8 17•.641 17•.141 10 ## **Friend in Need Community Year ended 31 March 2022** ## **INCOME** ## **EXPENDITURE** |**_Unrestricted Grants:_**
LBB and other grants
Furlough grants
Transport, meals, therapies & reimbursed income
Donations
Fundraising
Bank Interest
Legacies
Helping Hands
EBBC
Loss for the year|16,235
10,037
61,026
14,233
3,388
114
750
2,551
13,000.0
**121,334**
**25,488**
**146,822**|**_Direct Charitable expenses_**
Wages and salaries
Pension
Vounteer and staff Costs
Depreciation Charge*****
Staff training
Other costs
Transport Expenses
Meals & Refreshments costs
Therapies and activities
**_Administration Costs_**
Independent Examiners' Fee
Subscriptions
Rent
Light & Heat
Cleaning
Insurance
Repairs and renewals
Professional fees
Telephone and Fax
Stationery and Printing
Computer Expenses
Bank Charges
Sundry Expenses|89,330
2,145
672
8,574
296
964
5,341
2,042
4,425
**113,789**
3,100
120
12,000
0
0
1,491
604
6,672
3,258
3,096
2,560
70
62
**33,033**
**146,822**| |---|---|---|---| ## **Balance Sheet as 31 March 2022** ## **WHAT WE OWN OR ARE OWED** ## **WHAT WE OWE AND FUNDING** ## **£** ## **£** ## _**Fixed Assets**_ ## _**Current Liabilities**_ **----- Start of picture text -----**
Plant & Equipment 19,105 Creditors 3,948 3,948
Free Reserves
Current Assets
Cash at Bank and in hand 157,728 General reserves 46,048
Debtors 2,808 Designated Legacy Fund 126,457
160,536 Designated Redundancy Fund 3,188
175,693
Restricted Funds 0 0
Restricted reserves
179,641 179,641
**----- End of picture text -----**
Draft 10/10/22 ## **Friend In Need Community Centre Statement of Financial Activities for the year ended 31 March 2022** |**Notes**
**Income**
Donations and legacies
Other trading activities
Investment Income
Charitable activities
**Total income**
**_Costs of charitable activities_**
**_Governance costs_**
**Total expenditure**
**Net expenditure**
**Transfers between funds**
**Net movement in funds**
**_Total funds brought forward_**
**Total Funds carried forward**|**Unrestricted**
**Restricted**
**Total**
**Last Year**
**Funds**
**Funds**
**Funds**
**Total Funds**
**2022**
**2022**
**2022**
**2021**
**£**
**£**
**£**
**£**
42,048
-
42,048
57,880
3,388
-
3,388
5,859
114
-
114
411
76,389
-
76,389
71,587
**121,939**
**-**
**121,939**
**135,737**
144,447
-
144,447
193,157
3,100
-
3,100
3,100
147,547
-
147,547
196,257
(25,608)
-
(25,608)
(60,520)
984
-
984
-
(23,640)
(984)
(24,624)
(60,520)
200,197
984
201,181
261,701
**176,557**
**-**
**176,557**
**201,181**| |---|---| The net movement in funds referred to above is the net incoming resources as defined in the Statement of Recommended Practice for Accounting and Reporting issued by the Charity Commission for England & Wales and is reconciled to the total funds as shown in the Balance **The only recognised losses for the year are £60,520.** Sheet on page 16 as required by the said statement. **All activities derive from continuing operations** **The recognised losses for the year are £25,608.** 13 Draft 10/10/22 ## **Friend In Need Community Centre Statement of Financial Activities for the year ended 31 March 2022** |**Designated revenue funds**
At 1 April
Transfer (to)/from revenue accumulated funds
Transfers (to)/from revaluation reserve
Transfer (to)/from designated fixed asset funds
At 31 March|**Total**
**Last year**
**Funds**
**Total Funds**
**2022**
**2021**
**£**
**£**
20,053
25,000
(16,865)
(4,947)
-
-
-
-
3,188
20,053| |---|---| |**Fixed asset funds**
At 1 April
Transfer (to)/from revenue accumulated funds
At 31 March|**Designated**
**Restricted**
**Total**
**Last year**
**Funds**
**Funds**
**Funds**
**Total Funds**
**2022**
**2022**
**2022**
**2021**
**£**
**£**
**£**
**£**
135,031
-
135,031
141,127
(8,574)
-
(8,574)
(6,096)
126,457
-
126,457
135,031| |---|---| The purpose of the transfers between Revenue Reserves,Designated Funds and Fixed Asset Funds is described in the notes to the accounts. **The notes on pages 15 to 23 form an integral part of these accounts.** 14 Draft 10/10/22 ## **Friend In Need Community Centre Balance Sheet as at 31 March 2022** |**Notes**
**2022**
**£**
**_The assets and liabilities of the charity :_**
**Fixed assets**
Tangible assets
8
19,105
**_Total fixed assets_**
19,105
**Current assets**
Debtors
9
3,413
Cash at bank and in hand
157,728
**_Total current assets_**
161,141
**Creditors:-**
amounts due within one year
10
(4,673)
**_Net current assets_**
156,468
**_Total assets less current liabilities_**
175,573
**Creditors:-**
amounts due after more than one year
-
**Provisions for liabilities and charges**
-
**Net assets including pension asset / liability**
175,573
**_The funds of the charity :_**
**Unrestricted income funds**
Unrestricted revenue accumulated funds
45,928
Designated revenue funds
3,188
**Unrestricted capital funds**
Designated fixed asset funds
126,457
**Total unrestricted funds**
175,573
**Restricted income funds**
Restricted revenue accumulated funds
-
**Restricted capital funds**
**Total restricted funds**
-
**Total charity funds**
175,573|**2021**
**£**
27,679
27,679
2,930
175,817
178,747
(5,245)
173,502
201,181
-
-
201,181
45,113
20,053
135,031
200,197
984
984
201,181| |---|---| The Trustees are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006 and that members have not required the company to obtain an audit in accordance with section 476 of the Act. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime. **Trustee** **Trustee** Approved by the trustees on : **The notes on pages 15 to 23 form an integral part of these accounts.** 15 Draft 10/10/22 ## **Friend In Need Community Centre Notes to the Accounts for the year ended 31 March 2022** ## **1 Accounting policies** ## _**Basis of preparation of the accounts**_ ## **a)** The financial statements have been prepared in accordance with 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) - (Charities SORP FRS 102) and the Companies Act 2006. The charitable company meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy or note. The charity has taken advantage of the exemption in Financial Reporting Standard No 1 from the requirement to produce a cash flow statement. ## **b) Going concern** The trustees consider that there are no material uncertainties about the charitable company's ability to continue as a going concern. Key judgements that the charitable company has made which have a significant effect on the accounts include estimating the liability from multi-year grant commitments. The trustees do not consider that there are any sources of estimation uncertainty at the reporting date that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next reporting period. ## c) **Income** Income is accounted for on a receivable basis when the charity is entitled to all the income and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income: - Voluntary income is received by way of grants, donations and gifts and is included in full when receivable. Grants, where entitlement is not conditional on delivery of a specific performance by the charity, are recognised when the charity becomes unconditionally entitled to the grant. - Donated services and facilities are included at the value to the charity where this can be quantified. The value of services provided by volunteers has not been included in these accounts. - Incoming resources from grants, where related to performance and specific deliverables, are accounted far as the charity earns the right to consideration by its performance. ## d) **Investment Income** Bank interest is included in the income and expenditure account on a receivable basis. ## e) **Deferred income** In accordance with the Statement of Recommended Practice for Accounting and Reporting issued by the Charity Commissioners for England & Wales grants received in advance and specified by the donor as relating to specific accounting periods or alternatively which are subject to conditions which are still to be met, and which are outside the control of the charity or where it is uncertain whether the conditions can or will be met, are deferred on an accruals basis to the period to which they relate. Such deferrals are shown in the notes to the accounts and the sums involved are shown as creditors in the accounts. ## f) **Recognition of liabilities** Liabilities are recognised on the accruals basis in accordance with normal accounting principles, modified where necessary in accordance with the guidance given in the Statement of Recommended Practice for Accounting and Reporting issued by the Charity Commissioners for England & Wales . 16 Draft 10/10/22 **Friend In Need Community Centre Notes to the Accounts for the year ended 31 March 2022** ## g) **Expenditure** The policy for including items within the relevant activity categories of resources expended is on accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is reported as part of the expenditure to which it relates. In particular the policy for including items within costs of generating funds, charitable activities and governance costs is Costs of generating funds Costs of generating funds comprise of costs associated with attracting voluntary income and costs of trading for fundraising purposes. ## Charitable activities Charitable expenditure comprise of those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them. Governance costs Governance costs include those costs associated with meeting the constitutional and statutory requirements of the charity and include the audit fees and costs linked to the strategic management of the charity. Allocation of costs within types of resources expended The methods and principles for the allocation and apportionment of all costs between the different activity categories of resources set out above are :- Direct costs- Costs relating to a particular activity are allocated directly . Support costs- These costs are allocated and apportioned as follows : - Staff cost is based on staff time. - Premises costs is based on floor areas - Other costs are based on usage. Resources expended include attributable VAT which cannot be recovered. ## h) **Unrealised and realised gains** Realised gains and losses are included in the accounts on the date at which a contractual obligation is entered into. Unrealised gains and losses are computed by reference to the market value of the investments at the balance sheet date, compared to the brought forward cost or valuation, and gains and losses arising on similar categories of investments are netted off. ## f) **Fixed assets and depreciation** All tangible fixed assets, except freehold land and buildings, are stated at cost less depreciation. Freehold land and buildings are stated at a valuation arrived at by a professionally qualified firm of valuers, who valued the assets on the basis of open market value in current use. Items of less than £500 are not capitalised. Depreciation has been provided at the following rates in order to write off the assets (less their expected residual value ) over their estimated useful economic lives. Equipment 10% straight line Vehicles 25% straight line Photocopier & Computers 25% straight line Leasehold Improvements Over life of the lease A regular annual review of the likelihood of asset impairment is undertaken. 17 Draft 10/10/22 **Friend In Need Community Centre Notes to the Accounts for the year ended 31 March 2022** ## i) **Capital grants** The board of trustees consider that , in order to comply with the Statement of Recommended Practice for Accounting and Reporting issued by the Charity Commissioners for England & Wales, gifts of tangible fixed assets or grants of a capital nature given for specific purposes and fully utilised in the furtherance of the objects of the charity should be credited to the relevant fixed asset fund after the sums have been properly expended on the restricted purpose. The related asset is shown in the balance sheet at the full cost of acquisition or subsequent revaluation. If the related assets are subject to restrictions by the grant making organisation on their use and disposal, then these restrictions are noted in the fixed asset section of these accounts. In such circumstances, the fixed asset fund created is treated as a restricted fixed asset fund. As the related assets are depreciated, then a transfer is made from restricted fixed asset funds to unrestricted revenue reserves to reflect the diminution in the asset subject to the restriction. In this year, a sum of Nil was transferred from restricted fixed asset funds to unrestricted revenue reserves. If the related assets are not subject to restrictions by the grant making organisation on their use and disposal, then the fixed asset fund created is treated as a designated fixed asset fund. As the related assets are depreciated, then a transfer is made from designated fixed asset funds to unrestricted revenue reserves to reflect the diminution in the asset. In this year, a sum of Nil was transferred from designated fixed asset funds to unrestricted revenue reserves. Any residual liability to the donor arising from, for example, the asset’s future sale, is disclosed as a contingent liability unless the event that would trigger repayment of the grant becomes probable in which case a liability for repayment is recognised Insofar as this policy relates to Government grants and to the extent that it may be a departure from the Statement of Standard Accounting Practice Number 4, such departure is justified on the basis that it is in order to comply with the Statement of Recommended Practice for Accounting and Reporting issued by the Charity Commissioners for England & Wales. ## j) **Taxation** As a registered charity, the company is exempt from income and corporation tax to the extent that its income and gains are applicable to charitable purposes only. Value Added Tax is not recoverable by the company , and is therefore included in the relevant costs in the Statement of Financial Activities ## k) **Finance and operating leases** Rentals payable in respect of operating leases where substantially all the benefits and risks of ownership remain with the lessor are charged to the Statement of Financial Activities as incurred. Finance leases are accounted for in accordance with the requirements of the Financial Reporting Standard for Smaller Entities (FRS102 1A). ## l) **Funds structure policy** The charity maintains a general unrestricted fund which represents funds which are expendable at the discretion of the trustees in furtherance of the objects of the charity. Such funds may be held in order to finance both working capital and capital investment. Restricted funds have been provided to the charity for particular purposes, and it is the policy of the board of trustees to carefully monitor the application of those funds in accordance with the restrictions placed upon them. A fixed asset fund is maintained which represents the written down value of tangible fixed assets, and is divided into a restricted fixed asset fund representing the written down value of those assets subject to restrictions, with the balance being in a designated fund representing the written down value of those assets free of restrictions. The detailed operation of these funds is described under the accounting policy ' Capital grants'. The charity also maintains a designated fixed asset fund which is an unrestricted fixed assets fund set aside to meet the future capital investments. There is no formal policy of transfer between funds or on the allocation of funds to designated funds, other than that described above. Any other proposed transfer between funds would be considered on the particular circumstances. 18 Draft 10/10/22 **Friend In Need Community Centre Notes to the Accounts for the year ended 31 March 2022** ## m) **Accounting for Legacies** Legacies are recognised when the charity becomes entitled to it. The income or assets received will be treated as restricted or unrestricted depending upon the exact nature and conditions of the legacy. ## n) **Recognition of pension costs and pension assets and liabilities** The Company operates a defined contribution pension scheme. Contributions are charged to the Income and Expenditure Account as they become payable in accordance with the rules of the If upon winding up or dissolution of the charity there remain any assets, after the satisfaction of scheme.all debts and liabilities, the assets represented by the accumulated fund shall be transferred to some other charitable body or bodies having similar objects to the charity. ## **2 Winding up or dissolution of the charity** If upon winding up or dissolution of the charity there remain any assets, after the satisfaction of all debts and liabilities, the assets represented by the accumulated fund shall be transferred to some other charitable body or bodies having similar objects to the charity. ## **3** |**Deficit for the financial year**|**2022**|**2021**| |---|---|---| ||**£**|**£**| |**This is stated after crediting :-**||| |**Revenue Turnover from ordinary activities**|121,825|135,326| |**and after charging:-**||| |Depreciation of owned fixed assets|8,574|8,574| |Rentals under operating leases|12,000|15,420| |Pension costs|2,145|3,291| |Independent Examiner's Fees|3,100|3,100| Funds belonging to the charity have not been used for the purchase of insurance to protect the charity from loss arising from the neglect or defaults of its trustees, employees or agents, or to indemnify its trustees, employees or agents, against the consequences of any neglect or default on their part. - **4 Statement that no expenses were paid to trustees or connected persons** No expenses were paid to trustees or persons connected with them. ## **5 Detailed analysis of certain transactions required by the 2015 the Statement of Recommended Practice for Accounting and Reporting issued by the Charity Commissioners for England & Wales (effective Jan 2015)** Various items which are required by the 2015 revision to the Statement of Recommended Practice for Accounting and Reporting issued by the Charity Commissioners for England & Wales (effective Jan 2015) to be disclosed in the notes to the accounts are set out in the Detailed Schedule to the Statement of Financial Activities . - **6 Investment Income** |**Investment Income**|**2022**|**2021**| |---|---|---| ||**£**|**£**| |Bank deposit interest received|114|411| 19 Draft 10/10/22 ## **Friend In Need Community Centre Notes to the Accounts for the year ended 31 March 2022** |**7**
**Staff Costs and Emoluments**
Gross Salaries
Employer's National Insurance
Pension Contributions
Average number of employees|**2022**
**£**
89,094
-
2,145
91,239
**2022**
8|**2021**
**£**
128,272
4,873
3,291
136,436
**2021**
10| |---|---|---| There were no fees or other remuneration paid to the trustees There were no employees with emoluments in excess of £60,000 per annum Neither the trustees nor any persons connected with them have received any remuneration, either in the current year or the prior year. ## **8 Tangible functional fixed assets** |**Asset cost, valuation or revalued amount**
At 1 April 2021
Disposals
At 31 March 2022
**Accumulated depreciation and impairment provisions**
At 1 April 2021
Charge for the year
At 31 March 2022
**Net book value**
At 31 March 2022
At 31 March 2021|**Plant,**
**Machinery**
**& Vehicles**
**£**
110,583
(13,158)
97,425
82,904
8,574
78,320
19,105
27,679| |---|---| All assets are used for direct charitable purposes and there are no inalienable or heritage assets 20 Draft 10/10/22 ## **Friend In Need Community Centre Notes to the Accounts for the year ended 31 March 2022** |**9**
**Debtors**
Trade debtors
Other Debtors
Prepaid expenses
**10 Creditors: amounts falling due within one year**
Accrued expenses
PAYE and NI
Unpaid Pension Contributions|**2022**
**£**
1,198
-
2,215
3,413
**2022**
**£**
3,904
196
573
4,673|**2021**
**£**
189
-
2,741
2,930
**2021**
**£**
4,100
888
257
5,245| |---|---|---| ## **11 Related party transactions** Some of trustees are also members of East Barnet Baptist Church and Friend In Need operates from the church's property for which it pays rents and contributions towards repairs .improvements, cleaning , light and heat. In 2022 it paid East Barnet Baptist Church the sum of £12,000 (2021: £24,000). |**12** **_Other financial commitments_**
Total future payments under non-cancellable operating leases
**13 Analysis of the Net Movement in Funds**
Net movement in funds from Statement of Financial Activities
Net resources applied on functional fixed assets
**Net movement in funds available for future activities**|**2022**
**£**
1,689
1,689
**2022**
**£**
(24,624)
(26,316)
(50,940)|**2021**
**£**
3,941
3,941
**2021**
**£**
(60,520)
2,244
(58,276)| |---|---|---| The net resources applied on functional fixed assets and the net investment in programme related investments represents the cost of additions less proceeds of any disposals. 21 Draft 10/10/22 ## **Friend In Need Community Centre Notes to the Accounts for the year ended 31 March 2022** |**14 Particulars of Individual Funds and**
**At 31 March 2022**
Tangible Fixed Assets
Current Assets
Current Liabilities
**At 1 April 2021**
Tangible Fixed Assets
Current Assets
Current Liabilities|**analysis of assets and liabilities representing**
**Unrestricted**
**Designated**
**Restricted**
**funds**
**funds**
**funds**
**£**
**£**
**£**
19,105
-
-
31,496
129,645
-
(4,673)
-
-
45,928
129,645
-
**£**
**£**
**£**
**Unrestricted**
**Designated**
**Restricted**
**funds**
**funds**
**funds**
27,679
-
-
22,679
155,084
984
(5,245)
-
-
45,113
155,084
984|**funds**
**Total**
**Funds**
**£**
19,105
161,141
(4,673)
175,573
**£**
**Total**
**Funds**
27,679
178,747
(5,245)
201,181| |---|---|---| ## **The individual funds included above are :-** |Unrestricted Reserves
Designated Buildings Funds
Helping Hands Restricted Fund
Designated Redundancy Fund|**Funds at**
**2021**
**£**
45,113
135,031
984
20,053
201,181|**Movements**
**in**
**Funds**
**as below**
**£**
(25,608)
-
-
-
(25,608)|**Transfers**
**Between**
**funds**
**£**
26,423
(8,574)
(984)
(16,865)
-|**Funds at**
**2022**
**£**
45,928
126,457
-
3,188
175,573| |---|---|---|---|---| ## **Analysis of movements in funds as shown in the table above** |Community Centre
Helping Hands|**Incoming**
**Resources**
**£**
121,939
-
121,939|**Outgoing**
**Resources**
**£**
147,547
-
147,547|**Gains &**
**Losses**
**£**
-|**Movement**
**in funds**
**£**
(25,608)
-
(25,608)| |---|---|---|---|---| ## **15 Endowment Funds** The charity had no endowment funds in the year ended 2022 or in the year ended 2021. ## **16 Share Capital** The charity is incorporated under the Companies Act 1985 and is limited by guarantee, each member having undertaken to contribute such amounts not exceeding one pound as may be required in the event of the company being wound up whilst he or she is still a member or within one year thereafter There are 5 members of the company ( 2021 - 5 members) 22 Draft 10/10/22 ## **Friend In Need Community Centre Schedule to the Statement of Financial Activities for the year ended 31 March 2022 Status of this schedule to the Statement of Financial Activities** This schedule is an intrinsic part of the accounts required to comply with the the Statement of Recommended Practice for Accounting and Reporting issued by the Charity Commissioners for England & Wales. However, it is not a part of the statutory accounts required under the provisions of the Companies Act 2006 in relation to incorporated charities. |**Income**
Legacies receivable
Donations and grants
**Total**
**Total Grants,Legacies & Donations Received**
**Total Voluntary Income**
**Other trading activities /generating funds**
Fundraising activities
**Investment Income**
Bank deposit interest received
**Charitable activities**
Contractual payments from public authorities
Other ancillary trading to benefit beneficiaries
**Total income**
**Charitable expenditure**
**_Support costs of charitable activities_**
**_Direct support costs_**
Gross wages and salaries - charitable activities
Employers' NI - Charitable activities
Pension contributions charitable employees
Volunteers' and casual staff Costs
Staff training
Travel and Subsistence - Charitable Activities
Other costs of Activity Centre|**Unrestricted Restricted**
**Total**
**Prior Period**
**Funds**
**Funds**
**Funds**
**Total Funds**
**2022**
**2022**
**2022**
**2021**
**£**
**£**
**£**
**£**
750
-
**750**
1,000
41,298
-
**41,298**
56,880
**42,048**
**-**
**42,048**
**57,880**
**42,048**
**-**
**42,048**
**57,880**
**42,048**
**-**
**42,048**
**57,880**
3,388
-
**3,388**
**5,859**
**3,388**
**-**
**3,388**
**5,859**
114
-
114
411
**114**
**-**
**114**
**411**
1,758
-
**1,758**
47,105
74,631
-
**74,631**
24,482
**76,389**
**-**
**76,389**
**71,587**
**121,939**
**-**
**121,939**
**135,737**
89,094
-
89,094
128,272
-
-
-
4,873
2,145
-
2,145
3,291
1,633
-
1,633
1,054
296
-
296
263
-
-
-
932
964
-
964
232
**94,132**
**-**
**94,132**
**138,917**| |---|---| 23 Draft 10/10/22 ## **Friend In Need Community Centre Schedule to the Statement of Financial Activities for the year ended 31 March 2022 Status of this schedule to the Statement of Financial Activities** This schedule is an intrinsic part of the accounts required to comply with the the Statement of Recommended Practice for Accounting and Reporting issued by the Charity Commissioners for England & Wales. However, it is not a part of the statutory accounts required under the provisions of the Companies Act 2006 in relation to incorporated charities. |**_Premises Costs_**
Rent payable
Insurance
Light and heat
Cleaning
Premises repairs and renewals
**_General administrative expenses:_**
Telephone and fax
Stationery and printing
Subscriptions
Computer Expenses
Bank charges
Sundry expenses
**_Professional fees in support of charitable activities_**
Payroll costs
Other professional fees
**_Other support costs_**
Depreciation of assets used for charitable purposes
Transport Expenses
Meals and Refreshments
Therapies and relief
**Total Support costs**
**_Support costs for grants paid_**
Costs reallocated from support costs
**Total Expended on Charitable Activities**|**Unrestricted Restricted**
**Total**
**Prior Period**
**Funds**
**Funds**
**Funds**
**Total Funds**
**2022**
**2022**
**2022**
**2021**
**£**
**£**
**£**
**£**
12,000
-
12,000
15,420
1,491
-
1,491
780
-
-
-
6,130
-
-
-
2,450
605
-
605
713
**14,096**
**-**
**14,096**
**25,493**
3,258
-
3,258
3,016
3,096
-
3,096
2,056
120
-
120
936
2,560
-
2,560
2,784
70
-
70
183
61
-
61
772
**9,165**
**-**
**9,165**
**9,747**
604
-
604
602
6,068
-
6,068
2,472
**6,672**
**-**
**6,672**
**3,074**
8,574
-
8,574
8,574
5,341
-
5,341
5,389
2,042
-
2,042
909
4,425
-
4,425
1,054
**20,382**
**-**
**20,382**
**15,926**
**144,447**
**-**
**144,447**
**193,157**
-
-
-
-
144,447
-
144,447
193,157| |---|---| ## _**Governance costs that are not direct management functions inherent in generating funds, service delivery and programme or project work (including management and administration costs)**_ |**_Specific governance costs_**
Independent Examiner's Fees
**Total governance costs**|3,100
-
3,100
3,100
**3,100**
**-**
**3,100**
**3,100**| |---|---| |The basis for the allocation of costs as shown above is explained in the accounting policies and the notes to the
accounts (delete all this text autohide)|| |**_Analysis of transfers between funds_**
Transfer to/(from) unrestricted to be analysed further
Transfer to/(from) restricted to be analysed further
Transfer to/(from) des fix ass to be analysed further|26,423
26,423
12,127
(984)
(984)
(1,084)
(8,574)
-
(8,574)
(6,096)
**-**
**-**
**-**
**-**| Transfer is made between fixed asset funds acquired by grants in respect of the depreciation charge on those assets. 24