## **ANNUAL REPORT**
**FINANCIAL YEAR 2022 - 2023**
**Charity no: 1090701 Company no: 4190545**
1
## **FRIEND IN NEED COMMUNITY CENTRE ANNUAL GENERAL MEETING**
Tuesday 17[th] October 2023 At East Barnet Baptist Church – 2:00pm
## **AGENDA**
1. Welcome and apologies
2. Chairman’s opening remarks
3. Minutes of the previous AGM held 18[th] October 2022
4. Matters arising
5. Presentation of the Annual Report – Rebecca Dickinson
6. Presentation and adoption of Annual Accounts [year ended 31/03/2023] – to be carried out by Rebecca Dickinson as currently no Treasurer in place
7. Appointment of Auditors
8. Election to Management Committee of nominated members
9. Greetings from the Worshipful Deputy Mayor of Barnet – Councillor Tony Vourou and presentation of Volunteers’ Service Certificates
10. Chairman’s remarks – Rev. Rupert Lazar
11. Close
2
## **Minutes of the previous AGM held 18[th] October 2022**
The Chairman, Rev. Rupert Lazar, welcomed those present and in particular the Mayor of Barnet, Councillor Alison Moore.
His opening comments reflected on the reasons FIN came to be over 40 years ago, when the then Pastor of EBBC asked the question: ‘what are we contributing to the local community?’ Rev. Lazar noted that it is ‘better to do good than to preach it and that actions speak louder than words’ and it was this ethos that prompted the Church to establish a centre for older members of the community. Rev. Lazar remarked that after 40 years FIN has kept to its word and continues to strive to do good.
The minutes from the previous meeting were accepted as an accurate record of that meeting.
There were no matters arising.
The Charity Co-ordinator, Rebecca Dickinson, presented the annual report for financial year 2021 – 2022. She outlined the changes to services and the restructuring that was necessary, to ensure FIN could remain open and hopefully find a way through the precarious financial position it found itself in.
Pictures and fond memories were shared from the previous year’s events, including FIN’s 40[th] anniversary party.
The simplified accounts were presented and adopted. These showed an annual loss of £25,488.
A question was asked about FIN’s fees and why these had not been raised at all in recent years. The Co-ordinator explained that the fees were under review and that it is likely they will need to be increased soon.
A further question was asked about the lack of advertising for FIN and a comment made that ‘not enough people are aware of the services’ FIN offers. The Co-ordinator responded that scaling up FIN’s advertising was a priority.
Alan Campbell (long term FIN volunteer) commented that there is not enough entertainment provided in the activity centre and made an offer to pay £50 per month towards this. The Co-ordinator thanked Alan for his generous offer.
The members of the Management Committee were elected unopposed.
The Mayor of Barnet spoke about the importance of organisations such as FIN and how vital and precious the work of the volunteers are in ensuring such organisations can exist. She noted that this is even more so since the devastation of the Covid pandemic. She congratulated FIN for facing head on the troubles it has faced and for taking the tough, restructuring decisions necessary to ensure FIN’s future.
The Chairman made his closing comments and thanked those present for coming.
3
## **Annual Report: 2022 – 2023**
Spring 2022 saw Rebecca Dickinson appointed as FIN’s new Charity Co-ordinator. She was initially tasked with finalising the outcomes of the previous year’s redundancy consultations which included the issuing of the new employee contracts based on FIN’s amended opening hours and services.
Once again, the staff are thanked for their understanding and flexibility which has enabled FIN to continue its essential work.
A further priority for the new Co-ordinator was to assess the processes in place at FIN and look to simplify and streamline these. It was necessary to overhaul certain systems to create a smoother day-to-day running of the charity and this has been achieved in areas such as HR compliance, accountancy management and software, invoicing and minibus hire. There is still work to be done here, as we look to update FIN’s IT systems and move to cashless payments.
Post Covid the activity centre numbers had dropped considerably and were struggling to recover but we are pleased to report that these steadily begun to increase throughout the year. However, work still needs to be done to attract new members through establishing and building upon relationships with agencies such as Age UK, Barnet Council’s Prevention and Wellbeing Team and other social subscribers.
FIN’s other services, such as the Tuesday Lunch Club, Shopping+, footcare, massage and yoga continue to thrive, and we now have a hairdresser coming into the activity centre once a month too. This has been very well received by our members, many of whom are unable to make the trip to get their hair cut. It’s wonderful to be able to bring this service to them and see how smart they look after their cuts and blow dries! Adding such provisions to our activity centre creates a one-stop solution to members, where they can receive needed services alongside the physical and social benefits the centre provides.
In late 2022 FIN launched its fortnightly escorted shopping trips. Many older people struggle with public transport and cabs are cost prohibitive for them, but they still possess the mobility to shop independently. We could see there was a real gap in services for this group and we looked to address this. For £6 our minibus collects the clients from home on a Tuesday morning and takes them to Morrisons where they can shop and then enjoy refreshments after in the onsite café. They are then taken home and helped in with their shopping. The service has proved very popular, offering an opportunity to socialise for its users, as well as a practical way to shop and remain independent. We are looking to increase it to weekly rather than just fortnightly and thank our volunteer driver and escort, without whom we could not run this service. In addition, as it runs on a Tuesday morning, many of the clients now join us for the Tuesday Lunch Club and are taken home after this – a lovely added bonus!
4
In December 2022 FIN’s Charity Co-ordinator made an application to Barnet Council’s Community Fund to provide some free memberships to our activity centre for those unable to cover the service fees. We were absolutely delighted that this application was successful, and FIN was awarded £8,400 which enabled us to offer 20 weeks of membership to eight individuals. Through connections with social subscribers and local care homes these funded places were quickly filled, and it was wonderful to be able to offer our services to new members who ordinarily could not afford it. Several of the new members have continued to come to the activity centre despite the funding having now run out. This has been made possible by family members now covering the fees, as they saw the positive effect that attendance here has given their loved ones. Several of the new members are residents of the Eleanor Palmer run Cantalowes Care Home in High Barnet. Edele Kelly, Activities Manager there commented:
_“FIN is brilliant for our residents. They enjoy getting out, belonging to a social group and seeing friends. Also, they often eat better there as they are in a different environment. Shiela, (one of our residents who has benefited from these funded places) says it is the best activity she does! The community offered by FIN is irreplaceable.”_
The Co-ordinator will be producing a report for Barnet Community Fund, detailing the success of the project and presenting case studies to demonstrate this. It is hoped that this report will provide a good platform for future funding applications.
During the summer of 2022 FIN received a generous legacy of £270,000 bequeathed to the charity by its late member Mr Jospeh Dudley. Over the following month’s great care and consideration has been taken by the Management Committee, on how most effectively these funds can be used to benefit FIN and its members, as well as best serving the memory of our kind benefactor. We would like to pass on to the friends and carers of the late Mr Dudley, the deep gratitude felt by all the staff and volunteers of FIN, for this generous legacy. Final decisions on how this money will be used are yet to be made.
Despite these positive outcomes from the last year, FIN sadly still finds itself on financially unsteady ground and reporting a substantial operating loss for the year ending March 31[st] 2023. It would be easy to view the charity in a position of strength due to the legacy money it has received but the Management Committee is determined that this money should not be used to merely ‘plug holes’ where losses have been incurred. At the very least, breaking even remains the priority if FIN is to continue as a going concern in the medium term.
With the activity centre membership still below where it needs to be and inflation increasing expenditure across the board, it is becoming harder to balance the books. The difficult decision to increase our fees was taken earlier in the year and this rise came into effect from April 1[st] 2023. FIN wishes to thank its members and their families and carers for their understanding where this is concerned and their continuing support. We hope this increase will go a little way to addressing our losses, but it will not however stem the flow.
The Management Committee and Co-ordinator are acutely aware that FIN needs to be exploring other avenues if it is to survive and this process is on-going.
5
## **A look back at some of the memorable events that have taken place over the last year:**
March 2023: A big thank you to artsdepot for hosting a super afternoon with their Matinee Lunch Club. There was a delicious 2 course meal and entertainment from the all singing and dancing Hot Swing Bohème.
October 2022: Our members spent a lively 1920’s themed afternoon at artsdepot. A firm favourite for a great day out.
6
Feb 2023: The Tuesday Lunch Club enjoyed a mouth-watering Valentine’s Day lunch.
Needless to say, the chocolate hearts and lemon tart did not survive long!
January 2023: We enjoyed a belated New Years celebration with our wonderful volunteers. We tucked into a delicious lunch prepared by Val, Hannah and Geetha, and then played a couple of rounds of Beetle. Congratulations to Vasanda for being the overall winner.
Christmas 2022: FIN style!
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## **Friend in Need Community Centre Simplified Accounts - Year ended 31 March 2023**
8
## **Staff for the year 2022 – 2023**
|Rebecca Dickinson|Charity Co-ordinator|
|---|---|
|Maria Drury|Visiting Assistant|
|Hannah Giritharan|Activity Centre Assistant|
|Julie Gubby|Driver & Visiting Assistant|
|Salih Hassan|Transport Co-ordinator|
|Geetha Katuwawala|Senior Activity Centre
Organiser|
|Catherine Lloyd|Activity Centre Assistant|
## **Auditors**
Ramm Alexander 5 Braemore Court Cockfosters Road Barnet Hertfordshire EN4 0AE Tel: 0208 275 8777 Email: info@alexanderaccountants.com
## **Management Committee Nominations**
## **East Barnet Baptist Church**
Revd Rupert Lazar Vicky Small Keith Nipps Sharmini Mani
## **User Representative**
Jeffrey Pettett
**Local Voluntary Organisation** Vacancy
## **Volunteer Representative**
Vacancy
**Churches Together** Richard Murray
**Representative nominated by LBB** Vacancy (soon to be filled)
9
## **Volunteers’ Service Certificates**
The recipients of Volunteer Long service Awards were as follows:.
- 5 YEARS – Claudine Davies, Carol Guest & Salome Marmanillo
- 10 YEARS – Sheila Branch, Annette How, Chris Papasavva & Harold Williams
- - 20 YEARS – Deidre Thompson
- 25 YEARS+ - Janice Hembrow
We thank them all for their commitment and dedication to FIN!
## **Contact Details**
Friend in Need Community Centre East Barnet Baptist Church Crescent Road East Barnet, EN4 8PS
Tel: 020 8449 8225 www.fin-eastbarnet.org.uk fin@fin-eastbarnet.org.uk
10
Registered Charity Number insert charity number on data sheet
Registered Company Number insert company number on data sheet
Friend In Need Community Centre
Report and Accounts
Report and Accounts
31 March 2023
## **Friend In Need Community Centre Report and accounts Contents**
||**Page**|
|---|---|
|Company information|1|
|Trustee's Report|2|
|Statement of trustees' responsibilities|5|
|Accountants' report|6|
|Statement of Financial Activities|7|
|Balance sheet|8|
|Notes to the accounts|9|
|Detailed Statement of Financial Activities|16|
## **Friend In Need Community Centre Independent Examiner's Report to the trustees of the charity**
## **Report of the Independent Examiner to the trustees on the accounts of the Charity for the year ended 31 March 2023**
I report on the financial statements of the Charity for the year ended 31 March 2023. , which are set out on pages 14 to 24.
The trustees are satisfied that the audit requirement of Section 144(2) of the Charities Act 2011 (the Act) does not apply and that the accounts do not require an audit in accordance with Part 16 of the Companies Act 2006 and that no member or members have requested an audit pursuant to section 476 of the Companies Act 2006, and that there is no requirement in the governing document or constitution of the Charity for the conducting of an audit. As a consequence, the trustees have elected that the financial statements be subject to independent examination.
Having satisfied myself that the charity is not subject to audit under company law, or otherwise, and is eligible for independent examination, it is my responsibility to:-
a) examine the accounts under section 145 of the Act;
b) to follow the procedures laid down in the General Directions given by the Charity Commission under section 145(5)(b) of the Act; and;
c) to state whether particular matters have come to my attention.
## **Basis of opinion and scope of work undertaken**
I conducted my examination in accordance with the General Directions given by the Charity Commissioners for England & Wales setting out the duties of an independent examiner issued by the Charity Commissioners in relation to the conducting of an independent examination, referred to above. An independent examination includes a review of the accounting records kept by the Charity and of the accounting systems employed by the Charity and a comparison of the financial statements presented with those records. It also includes consideration of any unusual items or disclosures in the financial statements , and seeking explanations from you as trustees concerning such matters. The purpose of the examination is to establish as far as possible that there have been no breaches of the Charities legislation and that the financial statements comply with the Statement of Recommended Practice issued by the Charity Commissioners for England & Wales, on a test basis, of evidence relevant to the amounts and disclosures in the financial statements.
The procedures undertaken do not provide all the evidence that would be required in an audit , and information supplied by the trustees in the course of the examination is not subjected to audit tests or enquiries, and consequently I do not express an audit opinion on the view given by the financial statements, and in particular, I express no opinion as to whether the financial statements give a true and fair view of the affairs of the charity, and my report is limited to the matters set out in the statement below.
I planned and performed our examination so as to satisfy myself that the objectives of the independent examination are achieved and before finalising the report I obtain written assurances from the trustees of all material matters.
1
## **Independent Examiner's Statement, report and opinion**
Subject to the limitations upon the scope of my work as detailed above , in connection with my examination , I can confirm that
1) no matter has come to my attention in connection with my examination which gives me reasonable cause to believe that in any material respect the requirements:
(i) to keep accounting records in accordance with section 386 of the Companies Act 2006;
(ii) to prepare financial statements which accord with the accounting records and comply with the accounting requirements of section 396 of the Companies Act 2006 and;
(iii) that the financial statements be prepared in accordance with the methods and principles set out in the Statement of Recommended Practice - Accounting and Reporting by Charities
have not been met; or
(2) to which, in my opinion, attention should be drawn in my report in order to enable a proper understanding of the accounts to be reached.
Atul Dave
The Examiner's relevant professional qualification or body: ICAEW
Alexander Dave Chartered Accountants 5 Braemore Court Cockfosters Road Barnet Herts EN4 0AE
The date upon which my opinion is expressed is :-
2
## **Friend In Need Community Centre Statement of Financial Activities for the year ended 31 March 2023**
|**Notes**
**Income**
Donations and legacies
Other trading activities
Investment Income
Charitable activities
**Total income**
**_Costs of charitable activities_**
**_Governance costs_**
**Total expenditure**
**Net income/(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**
**2023**
**2023**
**2023**
**2022**
**£**
**£**
**£**
**£**
285,603
-
285,603
42,048
8,625
-
8,625
3,388
1,215
-
1,215
114
57,164
-
57,164
76,389
**352,607**
**-**
**352,607**
**121,939**
109,628
-
109,628
144,447
3,300
-
3,300
3,100
112,928
-
112,928
147,547
239,679
-
239,679
(25,608)
-
-
-
-
239,679
-
239,679
(25,608)
175,573
-
175,573
201,181
**415,252**
**-**
**415,252**
**175,573**|
|---|---|
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 **The only recognised losses for the year are £60,520.** in the Balance Sheet on page 16 as required by the said statement.
**All activities derive from continuing operations**
**The recognised gains for the year are £239,679.**
3
## **Friend In Need Community Centre Statement of Financial Activities for the year ended 31 March 2023**
|**Designated revenue funds**
At 1 April
Transfer (to)/from revenue accumulated funds
At 31 March
**Fixed asset funds**
At 1 April
Transfer (to)/from revenue accumulated funds
At 31 March|**Designated**
**Restricted**
**Funds**
**Funds**
**2023**
**2023**
**£**
**£**
126,457
-
(8,574)
-
117,883
-|**Total**
**Last year**
**Funds**
**Total Funds**
**2023**
**2022**
**£**
**£**
3,188
20,053
-
(16,865)
3,188
3,188
**Total**
**Last year**
**Funds**
**Total Funds**
**2023**
**2022**
**£**
**£**
126,457
135,031
(8,574)
(8,574)
117,883
126,457|
|---|---|---|
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.**
4
## **Friend In Need Community Centre Balance Sheet as at 31 March 2023**
|**Notes**
**2023**
**£**
**_The assets and liabilities of the charity :_**
**Fixed assets**
Tangible assets
8
10,531
**_Total fixed assets_**
10,531
**Current assets**
Debtors
9
4,392
Cash at bank and in hand
407,864
**_Total current assets_**
412,256
**Creditors:-**
amounts due within one year
10
(7,535)
**_Net current assets_**
404,721
**_Total assets less current liabilities_**
415,252
**Creditors:-**
amounts due after more than one year
-
**Provisions for liabilities and charges**
-
**Net assets including pension asset / liability**
415,252
**_The funds of the charity :_**
**Unrestricted income funds**
Unrestricted revenue accumulated funds
294,181
Designated revenue funds
3,188
**Unrestricted capital funds**
Designated fixed asset funds
117,883
**Total unrestricted funds**
415,252
**Restricted income funds**
**Restricted capital funds**
**Total restricted funds**
-
**Total charity funds**
415,252|**2022**
**£**
19,105
19,105
3,413
157,728
161,141
(4,673)
156,468
175,573
-
-
175,573
45,928
3,188
126,457
175,573
-
175,573|
|---|---|
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.**
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## **Friend In Need Community Centre Notes to the Accounts for the year ended 31 March 2023**
## **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 .
6
**Friend In Need Community Centre Notes to the Accounts for the year ended 31 March 2023**
## 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.
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**Friend In Need Community Centre Notes to the Accounts for the year ended 31 March 2023**
## 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.
8
**Friend In Need Community Centre Notes to the Accounts for the year ended 31 March 2023**
## 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**
|**Surplus/(deficit) for the financial year**|**2023**|**2022**|
|---|---|---|
||**£**|**£**|
|**This is stated after crediting :-**|||
|**Revenue Turnover from ordinary activities**|351,392|121,825|
|**and after charging:-**|||
|Depreciation of owned fixed assets|8,574|8,574|
|Rentals under operating leases|12,300|12,000|
|Pension costs|488|2,145|
|Independent Examiner's Fees|3,300|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**
Bank deposit interest received
|**2023**|**2022**|
|---|---|
|**£**|**£**|
|1,215|114|
9
## **Friend In Need Community Centre Notes to the Accounts for the year ended 31 March 2023**
|**7**
**Staff Costs and Emoluments**
Gross Salaries
Pension Contributions
Average number of employees|**2023**
**£**
53,779
488
54,267
**2023**
8|**2022**
**£**
89,094
2,145
91,239
**2022**
8|
|---|---|---|
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 2022
Disposals
At 31 March 2023
**Accumulated depreciation and impairment provisions**
At 1 April 2022
Charge for the year
At 31 March 2023
**Net book value**
At 31 March 2023
At 31 March 2022|**Plant,**
**Machinery**
**& Vehicles**
**£**
97,425
-
97,425
78,320
8,574
86,894
10,531
19,105|
|---|---|
All assets are used for direct charitable purposes and there are no inalienable or heritage assets
10
## **Friend In Need Community Centre Notes to the Accounts for the year ended 31 March 2023**
|**9**
**Debtors**
Trade debtors
Prepaid expenses
**10 Creditors: amounts falling due within one year**
Accrued expenses
PAYE and NI
Unpaid Pension Contributions|**2023**
**£**
1,218
3,174
4,392
**2023**
**£**
6,600
266
109
7,535|**2022**
**£**
1,198
2,215
3,413
**2022**
**£**
3,904
196
573
4,673|
|---|---|---|
## **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 £12,300 (2022: £12,000).
## **12** _**Other financial commitments**_
|**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**|**2023**
**£**
1,689
1,689
**2023**
**£**
239,679
-
239,679|**2022**
**£**
1,689
1,689
**2022**
**£**
(25,608)
(26,316)
(51,924)|
|---|---|---|
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.
11
## **Friend In Need Community Centre Notes to the Accounts for the year ended 31 March 2023**
|**14 Particulars of Individual Funds and analysis of assets and liabilities representing**
**At 31 March 2023**
**Unrestricted**
**Designated**
**Restricted**
**funds**
**funds**
**funds**
**£**
**£**
**£**
Tangible Fixed Assets
10,531
-
-
Current Assets
291,185
121,071
-
Current Liabilities
(7,535)
-
-
294,181
121,071
-
**£**
**£**
**£**
**At 1 April 2022**
**Unrestricted**
**Designated**
**Restricted**
**funds**
**funds**
**funds**
Tangible Fixed Assets
19,105
-
-
Current Assets
31,496
129,645
-
Current Liabilities
(4,673)
-
-
45,928
129,645
-
**The individual funds included above are :-**
**Funds at**
**Movements**
**Transfers**
**2022**
**in**
**Between**
**Funds**
**funds**
**as below**
**£**
**£**
**£**
Unrestricted Reserves
45,928
239,679
8,574
Designated Buildings Funds
126,457
-
(8,574)
Helping Hands Restricted Fund
-
-
-
Designated Redundancy Fund
3,188
-
-
175,573
239,679
-|**funds**
**Total**
**Funds**
**£**
10,531
412,256
(7,535)
415,252
**£**
**Total**
**Funds**
19,105
161,141
(4,673)
175,573
**Funds at**
**2023**
**£**
294,181
117,883
-
3,188
415,252|
|---|---|
## **Analysis of movements in funds as shown in the table above**
|Community Centre|**Incoming**
**Resources**
**£**
352,607
352,607|**Outgoing**
**Resources**
**£**
112,928
112,928|**Gains &**
**Losses**
**£**
-|**Movement**
**in funds**
**£**
239,679
239,679|
|---|---|---|---|---|
## **15 Endowment Funds**
The charity had no endowment funds in the year ended 2023 or in the year ended 2022.
## **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 ( 2022 - 5 members)
12
## **Friend In Need Community Centre Schedule to the Statement of Financial Activities for the year ended 31 March 2023 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
Pension contributions charitable employees
Volunteers' and casual staff Costs
Staff training
Other costs of Activity Centre|**Unrestricted Restricted**
**Total**
**Prior Period**
**Funds**
**Funds**
**Funds**
**Total Funds**
**2023**
**2023**
**2023**
**2022**
**£**
**£**
**£**
**£**
270,000
-
**270,000**
750
15,603
-
**15,603**
41,298
**285,603**
**-**
**285,603**
**42,048**
**285,603**
**-**
**285,603**
**42,048**
**285,603**
**-**
**285,603**
**42,048**
8,625
-
**8,625**
**3,388**
**8,625**
**-**
**8,625**
**3,388**
1,215
-
1,215
114
**1,215**
**-**
**1,215**
**114**
-
-
**-**
1,758
57,164
-
**57,164**
74,631
**57,164**
**-**
**57,164**
**76,389**
**352,607**
**-**
**352,607**
**121,939**
53,779
-
53,779
89,094
488
-
488
2,145
277
-
277
1,633
-
-
-
296
1,880
-
1,880
964
**56,424**
**-**
**56,424**
**94,132**|
|---|---|
13
## **Friend In Need Community Centre Schedule to the Statement of Financial Activities for the year ended 31 March 2023**
## **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.
|**Unrestricted Restricted**
**Total**
**Prior Period**
**Funds**
**Funds**
**Funds**
**Total Funds**
**2023**
**2023**
**2023**
**2022**
**£**
**£**
**£**
**£**
**_Premises Costs_**
Rent payable
12,300
-
12,300
12,000
Insurance
751
-
751
1,491
Premises repairs and renewals
583
-
583
605
**13,634**
**-**
**13,634**
**14,096**
**_General administrative expenses:_**
Telephone and fax
4,032
-
4,032
3,258
Postage
-
-
-
-
Stationery and printing
5,610
-
5,610
3,096
Subscriptions
924
-
924
120
Computer Expenses
2,809
-
2,809
2,560
Advertising and PR
756
-
756
-
Bank charges
879
-
879
70
Sundry expenses
108
-
108
61
**15,118**
**-**
**15,118**
**9,165**
**_Professional fees in support of charitable activities_**
Payroll costs
670
-
670
604
Legal fees
-
-
-
-
Other professional fees
4,411
-
4,411
6,068
**5,081**
**-**
**5,081**
**6,672**
**_Other support costs_**
Depreciation of assets used for charitable purposes
8,574
-
8,574
8,574
Transport Expenses
5,499
-
5,499
5,341
Meals and Refreshments
1,320
-
1,320
2,042
Therapies and relief
3,978
-
3,978
4,425
**19,371**
**-**
**19,371**
**20,382**
**Total Support costs**
**109,628**
**-**
**109,628**
**144,447**
**_Support costs for grants paid_**
Costs reallocated from support costs
-
-
-
-
**Total Expended on Charitable Activities**
109,628
-
109,628
144,447
**_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
3,300
-
3,300
3,100
**Total governance costs**
**3,300**
**-**
**3,300**
**3,100**|**Unrestricted Restricted**
**Total**
**Prior Period**
**Funds**
**Funds**
**Funds**
**Total Funds**
**2023**
**2023**
**2023**
**2022**
**£**
**£**
**£**
**£**
**_Premises Costs_**
Rent payable
12,300
-
12,300
12,000
Insurance
751
-
751
1,491
Premises repairs and renewals
583
-
583
605
**13,634**
**-**
**13,634**
**14,096**
**_General administrative expenses:_**
Telephone and fax
4,032
-
4,032
3,258
Postage
-
-
-
-
Stationery and printing
5,610
-
5,610
3,096
Subscriptions
924
-
924
120
Computer Expenses
2,809
-
2,809
2,560
Advertising and PR
756
-
756
-
Bank charges
879
-
879
70
Sundry expenses
108
-
108
61
**15,118**
**-**
**15,118**
**9,165**
**_Professional fees in support of charitable activities_**
Payroll costs
670
-
670
604
Legal fees
-
-
-
-
Other professional fees
4,411
-
4,411
6,068
**5,081**
**-**
**5,081**
**6,672**
**_Other support costs_**
Depreciation of assets used for charitable purposes
8,574
-
8,574
8,574
Transport Expenses
5,499
-
5,499
5,341
Meals and Refreshments
1,320
-
1,320
2,042
Therapies and relief
3,978
-
3,978
4,425
**19,371**
**-**
**19,371**
**20,382**
**Total Support costs**
**109,628**
**-**
**109,628**
**144,447**
**_Support costs for grants paid_**
Costs reallocated from support costs
-
-
-
-
**Total Expended on Charitable Activities**
109,628
-
109,628
144,447
**_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
3,300
-
3,300
3,100
**Total governance costs**
**3,300**
**-**
**3,300**
**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
Transfer to/(from) des fix ass to be analysed further|8,574
8,574
26,423
-
-
(984)
(8,574)
-
(8,574)
(8,574)
-
-
-
(16,865)
**-**
**-**
**-**
**-**|
Transfer is made between fixed asset funds acquired by grants in respect of the depreciation charge on those
14
## **Friend In Need Community Centre Schedule to the Statement of Financial Activities for the year ended 31 March 2023 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.
|**Unrestricted **|**Restricted**|**Total**|**Prior Period**|
|---|---|---|---|
|**Funds**|**Funds**|**Funds**|**Total Funds**|
|**2023**|**2023**|**2023**|**2022**|
|**£**|**£**|**£**|**£**|
assets.
15
## **Friend in Need Community Year ended 31 March 2023**
## **INCOME**
## **EXPENDITURE**
## _**Unrestricted Income:**_
## _**Direct Charitable expenses**_
Income from services provision Grants
Transport, meals, therapies & reimbursed income Donations Fundraising Bank Interest
- 5,855 Wages and salaries 53,779 8,852 Pension 488
- 51,308 Vounteer and staff Costs 277 6,752 Depreciation Charge ***** 8,574 8,625 Other costs 1,880 1,215 Transport Expenses 5,499 Meals & Refreshments costs 1,320 Therapies and activities 3,978
**75,795**
## **82,607**
## _**Administration Costs**_
Operating loss for the year
|Operating loss for the year
Legacy Income
less operating loss
Transfer to reserves|**30,321**
Independent Examiners' Fee
Subscriptions
Rent
Advertising
Insurance
Repairs and renewals
Professional fees
Telephone and Fax
Stationery and Printing
Computer Expenses
Bank Charges
Sundry Expenses
**112,928**
**270,000**
**-30,321**
**239,679**|3,300
924
12,300
756
751
583
5,081
4,032
5,610
2,809
879
108
**37,133**
**112,928**|
|---|---|---|
**£**
## **Balance Sheet as 31 March 2023**
## **WHAT WE OWN OR ARE OWED**
## **WHAT WE OWE AND FUNDING**
## **£**
## _**Fixed Assets**_
Plant & Equipment 10,531 _**Current Assets**_ Cash at Bank and in hand 407,864 Debtors 4,392 412,256
**----- Start of picture text -----**
422,787
**----- End of picture text -----**
## _**Current Liabilities**_
Creditors 7,535 7,535 _**Free Reserves**_ General reserves 24,181 Designated Legacy Fund 117,883 Designated Redundancy Fund 3,188 New legact fund 2023 270,000 415,252
**----- Start of picture text -----**
422,787
**----- End of picture text -----**