Registered Charity Number 1090701 Registered Company Number 04190545 FRIEND IN NEED COMMUNITY CENTRE [A company limited by guaranteej Trustee Report and Financial Statements for the year ended 31 March 2024 FRIEND IN NEED CENTRE FOR POSITIVE AGEING Contents Introduction Management Committee and Governance statement of Publlc Benefit Flnanclal Review Trustees, Responsibilities 10 Independent Auditor's Report Statement of Flnancial Activitles 13 Balance Sheet 15 Notes to the Accounts Details Statement of Financial Activltles 24 Inlroducllon The Trustees present their annual report and accounts for the year ended 31 March 2024 The Trustees are satisfied with the performance of the chority 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 Bamet Baptist Church Crescent Road East Bamet Herts EN4 8PS Company registration number: 04190545 Bankers: Natwest 120 High Street Barnet Herts. EN5 5FF Avdltors: Alexander & Associates 5 Braemore Court Cockfosters Road Cockfosters Herts EN4 OAE 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 occrual's 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. Managemenl Commltlee and Governance The members of the Board of Trustees durlng the year ended 31 March 2024 were: East Barnet Baptlst Church Revd Rupert Lazar Vicky Small Keith Nipps Sharmini Mani Local Voluntary Organlsatlon Vacancy Volunteer Representatlve Vacancy User Representatlve Jeffrey Pettett Churches Together Richard Murray RepresenlaNve nomlnated Cllr Philip Cohen Local Buslness Owner Marie Sauka 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 ol Ihe governlng document and Ihe constltutlon of the charlty The organisation is a charitable company limited by guarantee, incorporated on 29 March 2001 and regislered as a charity on 19 February 2002. The company was eslablished under a Memorandum of Association that established the objects and powers of the charitable company and is govemed 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 recrullmenl and appolntrnent of new trvstees 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 bya 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: 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 Icl of this clause. 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 pollcles and procedures adopted for the Inducllon and Iralnlng 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 organlsallonal structure of the charlty and how declslons are made General management15 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. statement of Publlc Benefit Objecllves, aims and acllvHles ol the charity A summary of the objectlves of the charity as set out In Its governlng 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 charlty's alms Includlng the changes or dlfferences It seeks to rnake through Its acllvllles. 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 explanatlon of the charlty's sfrategles lor achlevlng Its stated objectlves. 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 Charlty's grant maklng pollcles FIN Community Centre does not give grants. Soclal 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 meols,. the provision of information and advice conceming nutrition, financial affair5 Ibenefits]etc. We refer to other organisations, when necessary. The contributlon of volunteers FIN would not be able to operate without its dedicated volunteers. FIN has approximately 35 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 organisation5, 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 refreshment5 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 maln acllvltles of the charfty In relatlon to Its objecllves FIN has continued its good work throughout 2023- 2024 and remains an organisation held dear by the local community. However, like many small charities, it has faced challenging times as it tries to navigate its way through financially difficult circumstances. While we delight in the wonderful work FIN continues to cary out, we also need to acknowledge that another substantial deficit raises concerns about the best way forward for the organisation. The charity is in the fortunate position to have been bequeathed sizeable legacies in the past and it is essential that these reserves are used to provide services that benefit older members of the community {FIN's raison d'etre), rather than merely covering annual loses. With local authority, core funding opportunities heavily depleted in the current economic climate, the Management Committee is acutely aware that FIN must look to innovate and explore new avenues and models, so that it may thrive in the future and remain at the hearl of East Barnet Village. FIN'S activity centre, which opens on a Monday and Thursday, has always been the mainstay of the charity's services and continues to provide an essential provision for older adults. It is a dementia friendly service that offers members the opportunity to stay socially engaged and active. However, numbers have never fully recovered since reopening following closure during the Covid pandemic. Our target is a minimum of 20 member5 per day, which is necessary to ensure the service remains financially viable, but we now often have less than l O per day which is unsustainable in the long term. New promotional material has been produced and is being extensively distributed and we hope this will raise awareness of what FIN has to offer. We continue our efforts to connect with other agencies, such as Bamet Council's Prevention and Wellbeing Team, Age UK Barnet, local care homes and home care providers, to explore ways to increase our numbers and ensure the activity centre remains a practicable provision. In late 2022 FIN launched its fortnightly escorted shopping trips which proved so popular it now runs weekly: the Tuesday Lunch Club is also thriving. These services are solely run by volunteers and provide vital opportunities for those that attend. Likewise. FIN'S therapeutic sessions (seated exercise, seated ballet. massage. foot care and hairdressingl, remain very popular. These popular. sessional services are the type of offering that FIN would like to build upon in the future. The 'community centre, space we occupy lends itself well to the establishment of a weekly schedule of activities and courses which would require prebooking and prepayment. Research and feedback from current members, their families/carers, the local community. social prescribers and other charitable organisations,. would help FIN in implementing a timetable of events of needed provisions in the EN4 and EN5 areas. FIN'S last annual report highlighted the need for all FIN'S IT systems to be updated. The charity's seNer was very old and unstable, and the computers were running operating systems that were no longer supported. Regular IT issues were severely hampering the Co-ordinator's day-to-day work, as well as exposing FIN to unauthorised access and data breaches. We are pleased to report that this has now been done. New hard drives have been acquired and all FIN data and email has been moved to a cloud-based system which enables remote working as well as securing FIN'S records. Likewise. FIN has implemented a new accountancy system which enobles the organisation to manage and track5 Its finances more efficiently. The staff for 2023 - 2024 is unchanged from the previous year and they are thanked for their continued hard work: Rebecca Dickinson Maria Drury Hannah Giritharan Julie Gubby Salih Hassan Geetha Katuwawala Catherine Lloyd Charity Co-ordinator Visiting Assistant Activity Centre Assistant Driver & Visiting Assistant Transport Co-ordinator Senior Activity Centre Organiser Activity Centre Assistant Flnancial Revlew FIN has legacy monies in reserve which provide a healthy-looking balance sheet. however the charity is once again posting a substantial operating loss of £33.659. Though the charity is indeed fortunate in that it has such monies 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 its services, rather than plugging an annual deficit. Therefore, the Board of Trustees will be considering internal restructuring, further grant applications and more innovative fundraising activities. Reserves Pollcy 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 is currently being sought to fulfil this Share Capltal Friend in Need is a company Limited by Guarantee and therefore has no share capital. Plans for future perlod$ Continue to provide suitable services to the older population of Barnet; statemenl as to dlsclosure of Inlormallon to audltors 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. Responslbllltles 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 bu5ine5S; 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 Act1985 [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. Revd Rupert Lazar Chairman Date: 10 Friend In Need Community Cantre Independant Examlner's Report to the trustees of th• ¢harlty Rewt Of tho Indop•ndont Examlner to th• trust on th• accounts of the Charlty for th• y￿r ended 31 March 2024 I report on the financlal statements of the Charity fcf Ihe year ended 31 March 2024. . which are set out on pages 14 10 24. The trustees are satisfied that the audit requiffjment of Section 144{2) of the Charities A¢1 2011 (Ihe Act) does not apply and that the accounts do not require 8n audlt In accordance with Part 16 of the Companles Act 2006 and that no rn•mb8r or members have requested an audll pursuant to sectlon 476 of the Companies Act 2006, and that there is no requirement in the gov8rning docum8nl or constttullon of the Charity for the ¢onduGting of an audlt. As a consequence, the trustees have etected that the flnanclal statements be $ubJect to Ind8p8nd8nt eXamln8tl￿. Havlng satlsfled my8eff that the charlty 58 not subject to audtt under company law, or othep•Ase. and Is elglble for independent examlnatk>n, It18 my responslblllty to'.- a} examlne the a￿ount8 under sectlon 145 ofthe Ad: b} to follow the procedur88 lald down In the G6neral Dlrectlons glvan by the Cherlty Commlsslon under sedon 145{5llb) of the Act., and; ¢1 to slate wheth8r partlcular matters havé come to my altentlon. Ba$1• ol oplnlon and •cop• of work und•rtak•n conducted my examlnallon In accordance w￿h the Gen8r81 Dlre¢Won$ glven by the Charlty Commissioners for England & Wales seltlng out tho dut6￿ of an independent 8xamlner Issued by the Charlty Commlssloners In relallon lo the conductlng of an Independent examlnallon, referred to above. An ind8pend8nt examlnalion includes a review of the accounting r&¢ords kept by the Charity and of the accountlng 8ySt8ms employed by the Charty and a comparlson of the ffnanclal slatements prosonted vlth those records. It also In¢lud8s conslderation of any unusual Items or dlsclosures In th8 flnanclal Statements , and seeklng explanatlons from you as trustees concernlng such mallers. The purpose of th6 examination Is to establlsh as far as posslble that there have been no breaches of the Ch8T6tles 18glslatlon and that the flnanclal statements ¢ompty wrth the Statement of Recommendod Practlce issued by Ihe Charlty Commisslon6r8 for England & Wales, on 8 test basis. of èvidèr relevant to the amounts and dlsclosure8 In the tlnanclal statements. The [￿cedUreS und8rtaken do not provlde an thè evldence that would be requlred In an audlt , and Information supplled by the Iru5tees In the coursg of Ihe examlnation is not subl&ct8d to audit tests or enquldes, and consequen￿Y I do not express an audrt Opin1￿ on the vlew glven by the flnan¢lal 81atemeni8, and In particular, l express no oplnlon as lo whether Ihg flnanclal statements glve a true and fair view of the affalrs of the ¢harfty, and my report Is limited lo the matters sel oul in the Statement below. I planned and performed our examlnatlon so as to satsfy myself that the Object￿e8 of the indep8nd8nt 8xamlnalion ar8 achieved and bgfore finalising the report l obtaln wrftten assurance5 from tho trusl•es of all matedal matters. 11 Inde￿ndont Examinerfs Statement, raport and oplnlon Subject lo the Ilmilations upon the Scope of my work as detailed abov8 , In connedlon wlth my examinatlon . I can confirm that 1) no matter has c(Yne to my attention in connection wth my examlnation which glves me reasonable ¢ause lo b81ieve that In any material respecl the reqU1￿ments.. (l) to keep accountlng records in ac¢ord8nce vlth sèction 386 of the Companle$ Act 2006., (li) to prepare financial slalements whlch accord with the a￿untIng records and comply wth th8 a¢counting requirements of 6eCtlon 396 Of1￿ CompaDle8 Act 2006 and: (iii) that tho financial stat8m8ntg be propared in accordance with the methods and prlnclples set out in th& Statoment of Re￿Mmend6d Practice- Accountlng and Reporting by Charities have not bèan met; or {21 to which. In my oplnbn. attentlon should be drawn In my report In order to enablg a proper understsndlng of th8 accounts to be reached. Alul Dave The Examin8rf$ relevant professlonal qualfficatlon or body: ICAEW Alexander Dave Chartered Acc￿ntan¢S 5 Braemore Court Co¢kfosters Road Barnet Herts EN4 OAE Thg date upon whith my opinvjnls expr8888d is :. 12 Frlend In Need Communlty Centr• statem•nt of Flnanclal Actlvltles fortho yoar endod 31 March 2024 Unrnstrlct•d R•strlct Funds Funds Totsl Funds Last Y•ar Totsl Fund$ 2024 2024 2024 2023 Incom• Donotions ond 1ogodg8 Other tr8dlng aclfvttlas Investment Incom$ Chorftabl• aetivlbo$ 17.480 2.595 3,832 62,060 17,480 2.595 3,832 82.060 285.603 8,f25 1,215 57,164 Tt)tsl Incom• 85,M7 86,967 362.607 Co•ts ol¢harIt•1￿ actMII•s Oov•rn•nc• costs 118,368 3,260 118,366 3,260 109.628 3.300 Total •Xp•ndI￿r+ 119.628 119,826 112,928 IN•t •xp•ndftur•lln•t In¢om• Tran•f•rs b•lwoen fund• 193,6591 {33,8591 (1,690) 239,879 107,352 N•t mov•m•nt In fvnd• 137.039} {37,039) 347,031 Total fund$ broughl lonv•nl 415.252 415,252 175,573 Tolal Fund• carrl•d I0￿1rd 378.213 J74.213 522.804 The net movgmenl In funds rofgrred to abov• 15 th• r*t Incomlng r•sour¢•$ 88 deffin•d In th? St8tsmenl of Recornmend•d Pracllce for Acco1￿11ng and RoK¥ytlThJ Is¥u•d by the Chartty Comrnlssk>n for Er4JLqnd & and 1$ r•￿r￿lled to th• total funds as shown In Ihg Balance Sheet on pg9& 16 98 wulrgd by Ihp s￿d statemenl. 13 Frlend In Ne￿ Communlty Centr6 statoment of Flnanclal Activities lor thè y•ar ondod 31 Mar¢h 2024 0o•lgnthd r•v•nu• funth Total Fund L••t y••r T¢)tsl Fund* 2024 2023 At 1 Awll At 31 Mar(* Flx•d ••••tfund• D••lgn•t•d Funds R•8tslet FundB Totsl Fund• L••t y•ar Total F￿nd¥ 2024 2024 2024 2023 At 1 Aprfl Tran$f•r Itoytrom revenu• g¢¢umulated fvndq At 31 March 10,531 8,886 10.531 8.886 1.845 128.4S7 .574 117883 purpo¥e of th• tran8l•rs b¢th￿n Revenuo R•SOr￿a,D•sbnIt•d Fund6 and Flxed A68Ot Fund$ Is dfj8¢d￿d In tho noitrs to Ihg a¢count8. Th• notsi on p•g•• 15 to 23 form •n Int•gMI Mrt ofth•u •¢counts. 14 Frlend In Ne•d Communlty C•nlr• Balanc• Sh• a¥ at 31 March 2024 Not•• 2023 Th••ss•ts •ndll*bNld•s of lh• eh•ity.' Flx•d a#8•ti T8￿bI• ass•ts Totslflx•d•8••ts 3.53S 3.53S 10,531 10.S31 cUrr￿t ￿1•ts tlgbtors Cash th bank and In hand 4,392 407.864 412256 376.978 amolmts du• %**hln ¢m y•8r 10 (3.3001 17.535) Net ¢urrnnt•s*•ts 378.058 404.721 Tot•l*M•ts I￿• ¢lWfWrtlhblllll•s 381,S93 415.252 Cr•dltor•:. amounts du• ofttr morè than onè soar Provlilort• tor1SibllltS•1 &rtd chirg•• Not a•••ts lft¢ludlng p•n•lon •s••t I Ilabllty 381,593 415,252 Tfv• fvnd• ofth• ch￿ty.. Unr••trlct•d Incom• lund• Unrnslrfctod rèv•nuè tteumulatad funda D•8lgnatèd r•v•nu• fvnd$ Unr•#trl¢t•d ￿PItal fund# Deslgnated fixed a$￿t fund8 T¢)l•l ynr••trf¢t•d lund• 374.870 3.188 401.533 3,188 3.535 10,S31 381,$93 415.252 R••trl¢tsd ￿PItal lund• T*)l•l rn•trf¢t•d lund• ToL*l ch•rfty tund• 381.593 415.252 Thè TruBlg9s wg ￿￿¥fied Ihpt the cornpony 18 enuued lo 9￿mp￿0n fr￿ th¥ requlrgrn¢nt to obtsln w 8udll under 58cllon 4TT of the Comp8nkgs Act 2008 Bnd thal memb8r8 have not requlred Ihe company to obtaln an audlt kn artordartt vhlh #tellon 476 of thè Aet. The dlrectots Ètknowltdgè thttr responslbllill•i lor ¢¢mplylng %*lth thg roqulrements of the Companth Act 2006 wllh re8ped to ￿COuntIng rncords and the preparnlon of ccounls. The acrwTrts hav• be•n prepw•d kn w¢Ord￿ce ￿th the pro￿810￿? In Part 15 of th• Companl•s Aca 2008 applcabkn to rf4npaThlos $ut4OCltrtr the ￿8• ¢tsmponl¢s rngkn•. Tru•ts• Trustèe Approved by buBl888on: Th• n¥)ts% on p•w 15 to 23 forni an Intewal part of thes• a￿￿UnIs. 15 Frlend In N••d Communlty Centra Not*s lo tho kcounts for the y•ar •ndgd 31 March 2024 1 fvxountlng pollciès Bas1$ ofpr•parntlon of the iccounts The flnantial statements have been prepared in accordan￿ wlth A¢¢ountin8 and Reportin8 by Charities.. Statement of Recommended Practlce èpplltablè to tharltfies preparlng thelraccounts In aCcOrda￿e with the FinarKlal Reportlng Standard appllcable in the UK and RèpublK of Ireland (FR5 102- effectlve ljanuary 20151- ICharltle5 SORP FRS 1021 and CompanlesArt 2(x)6. The charitable company meets the deflnitlon of a publlc benefltentlty under FRS 102. A5setsand Ilabllltles are inltlally recogn15ed at hlstorkal cost ortransaction value unless otherwlse st*ed In the relevant accountlng pollcyor note. The charlty has taken advantage of the exemption in Flnanclal Reportlng Standard No l from the requlrement to produce a cash flow statement. bl Golng conc•rn The trusteeg conslder that there are no materlal uncertalntles about the ¢harltable Company's abllity to contlnue as a golng toncem. Keylud8ements that the charitsble company has made whlch have a $18nlficant effect on the accounts includè estlmatlng the Ilabl1￿V from multl-year grant commltments. The trustees do not conslder that there Jre any source5 of estlmatlon uncertalnty at the reportlng date that have a slgnlficant rlsk of causlng a material 8dlustment to the carrylng amounts of assets and Ilablllties withln the next reportin8 perlod. ¢1 Income Income18 accounted for on a re￿&Vabl0 ba$1$ when the tharlly18 ￿lIt*d to 811 Ihe Incom• and lh• 4mount can be qu￿1111&1 vAth Tea8on*Jlg ocojrw. Th• 8peclfic pollcle8 8r8 applled lo P8rtleuk4r catgwrfes of Income.. - Voluntary Incom• l¥ r•rofv•d by way DI￿nts, donotlono and glfts and 1$ Included In full v￿￿￿ Tecelvable. Grants. wh•r• •ntttl•monl13 nol condthnal on dellvery of A 8pedfic p8rfom)onc9 by the charlty, ara reLwnls•d wh•n thè charlty bocomes uncondltlonalty en11t￿ to the grBnt. - Donated 80ryIc08 ONI 18dlltl8$ am Induded at th• v8lu• to th• charfty wh•r• th18 Can b• qu?nlfl•d. Thè valuè of 68rylces provlded by voluntaèrs h88 not bton Included In thos• accounts. - Incomlng r•8our¢08 from grant8, wh9re rg101od to perfoman￿ f41d 8pecifi¢ dolv•rat4bs. 8f• account•d lar as Ihe chartty è@rn$ tho rfghl to ￿nsId¥laIl0n by It8 perfomianco. d) Invostmont Income B￿k knteresl Is InC￿dad In lh• In¢omo and expand1￿re account on a r8celvable basls. •} D•f•rr•d In￿m0 In accordancè wllh thè Stslomonl of Recommended P￿￿¢0 for Attountin9 and ReFothg itsBued by the Chariiy Commi55ioners for England & Wa105 grants recelved In advance arKI speeifi8d by th6 don￿ as relating lo speciflc wcounllng porlc*Js ￿ atternatlvety whlch arè 8ubj8¢t to ¢onditK)n8 7whi¢h are still to be meL and 8re (Mtside the C1￿(ro1 of Ihe charity ￿ where It Is uncertain wh6thar th& condillons can or will b& mat, 8re deferre(l on an accruals basls to tho perlod to whlch th&y relate. Such deferro15 are shown In the noto$ to th& a¢counts and the sums Involved are shown as ¢redltors in the accounts. Fri•nd In Nèed Communlty C•ntre Nol•s to the Accounts for the year ended 31 March 2024 0 Rocognltlon of lilbilities Liabilities aro r•cogni5gd on the accwals bgslB In accordar￿ with nonral a¢¢ountlng princlplB8 modlfled where ne¢e$sary In accordancè with the uidance given In the Statsmenl of Recommended Practice for Accounfjng and Reportlng Issu•d by &0 Charity Commisslon•rs for Enguqnd & Wales . 17 Frlend In Nged Communlty C•nlr• Notes to the Accounts for the yoar ended 31 March 2024 gl Expendituro The poliry for Includlng itèms within the re￿¥￿t 8¢tNMy L*tegJrie8 of re80urc8s •xp8rbJ•d is on arauals ba6is as a Ilabllity is incurred. Expendltuce InchKl98 any VAT canrtot b8 fvlty r8covared, and is reported as part of the expendllure to which K relates. In partlcular the pohcy for InCk￿[ng itoms vhtrdn eosts of generatlng fund8. rtharftabh 8cll¥th•s and governanc• costs Is Costs of g•ngratlng funds Costs of g•ngrating funds Ct)n￿$• of wsts a88cthted *lth a¢tra¢tlng voluntary Inc•)me and eosts of tradlng for (undraising purFWgS. Char6table ac1￿11•$ Charitsble expendthra comprfso of thoBe costs In¢vrre(I by the charlty In Ihe dellv•ry of M$ 8dvNles and 8¢￿8 for Its beMfict•rf•8. 11 Indudes costs Ihat ¢an h Allocated dlredty to such 8rrtl t1￿80 costs of an indirect nature necessary to support them. mance costs Govèmance costs Incltsdo th089 costs as8OCKgtgJ M￿lIng the r￿n81stU￿81 and slalutory réquirements of th6 charfty and Indude the audtt fae8 and ¢o#t¥ Ilnk•J to the stratsglc managèment ofth• charlty. Allocadon of co8ts %thhln ol r•BOUTC08 •xp8Thl•d Th• mothods and prlndplos for thè 8lloc8llon and apporknmonl of all cos18 b•fvM8n th• dlff•r•nt adlvlty cat•gorf88 of resources Set out abov8 are:. Dlrect ￿18- Costs relallro to 8 pa￿¢U10r a¢Uvlty ar• alkncatod *Jlr•ctly. Support C0818- Th&8• costs Aro allocotgd 8r•J apptyuonad as follow8 '. - Steff ¢0* ts basod on sl8ff Ilm•. - Premlso8 ¢08ts18 based on fl￿ ¥••¥ - Oth•r emts Iro b#8ed on usege. Re￿UrceS expended Inekjde attrtbUta￿• VAT whlch cannot be recoverod. h) Unr•alts•d •nd r•all•ed galn• Reè118ed galn8 and f088e8 ar• Includ•d In the ￿unt9 on th• dat• at whlth a contraciual oblgation is tsnteretj Into. Unreall$¢d g81n$ and 101808 8r• ¢omputod by reference to the m*rket valug ofthg Inve8tm•nt8 al the balance 9heot dale, compared to t￿ brought fomard c081 or valuatlon. and 98lns and los8￿ arl3lng on ¥lmllar calegcffles of invo8trnents are nett•J off. Q Flx•d a•s01s and d8pr•¢l•tlon All tangible flxwJ assets, pxcepl freehold lfjnd and bulldlng4 are stated at cost lèss deprvdthn. Freehohl land oThJ buildings are Stated al a valuation arrived at by a professionalty qu81ffigd firm of valuer8, wh) val￿d th& &￿ts on Ihe ba8ls of opèn market vakne kn ujrrent uso. It8m8 of less than £500 4r¢ r￿1 capitalised. D•weciation has been at the fonowlng rates kn ord•r to wffto off the a880ts (kws thelr èxpact•d ro8klual value } over thglr 0gtimated useful •conomlc Iv•s. Equlpment VehiC￿S p￿tOCOplef & Comwt•rs Leasehold Improvemants 10% $lralghl Ilnè 25% stralght lin& 25% stralght Ilna Over Iwe of the lèa A rewlar annu81 rèvtw of thè Ukellhwl of asset ImpAlrment Is undortaken. 18 Frl•nd In Need Communlty Cantrè Notes to the Accounts for the year ènded 31 Mar¢h 2024 11 Capltal grants The board of trustees consld8r Ihat , in order to compty ￿th the Ststemgnt of Re￿￿￿ermIe￿ Praclke Acc4Junting and Reporllrwj 155ued by ts Charity CommisskN)Èrs for England & W8b8. glt5 of tanglble fixed assets or grants of a capital n8ture given for specrfic purposes and fulty utollsed In the ￿therance of the obiects of the tharity should be credited to the relevanlfixed 888Ot ftmd after thg Sums have been proparly èxpènd8d rm Ihe r8sltKted pury>ose. The related assot is shown In the b818nr• ¥heet al the fvll cThl of a¢qulsltion or ¥ubsequ8nl rovalualk￿. If thè r•latèd &￿ets are subject to re$trl¢tlon6 by th? granl making organlsatlon on th•lr us• and ijlsposal. Ih•n the¥9 reslrlctions are r￿ted In th& fiK¢d o$sel secllon of Ihe8e acC￿nts. In gJ¢h clrcumstanc•s. flxed a88et fuThJ crealed 1$ ag a mtrtctsd fixed asset rund. As the related assets gro dopr¥cigted, then 8 transfer 1$ mad8 from re8tr1cted flxed a8Bel fund8 10 unreslrkted revenue reserves to the diminullon kn the asset $ubSe¢t to Ihg ro$lrictk>n. In Ihl$ ybar, a 8um of Nll was Iran8ferred from r8slrfGted fixgd 03801 fvnd8 to unrestrfcted revenue re$orvo$. If1ha r•lated 888tsts are nol 8ubloct to r8StrIctbr￿ by grant making organisalon on thelr ug¢ and dlsposal. th8n the ￿ed as8el fund cr•atod Is tsBated as a deslgnated flxed Asset fund. Ag Ih rts￿•d au•ts are depreciated. th￿ 8 transfor Is mad& trom design8led flxed osset funds to unr8strlct•d r•v•nu• r88èrves io rellect thè dlmknulon in the as691. In thls year, a sum of Nil w88 transf•rMd Irom de8lgnated flx&J ass&tfunds to unregtricted rovonue reserv￿. Any roslduAI118bllfty to thè dow grtskng fmm. for exèmpkn, th0 888•Vs futur• 8al•, Is dlqebs•d 0$ a contlngont118bl¥ty unl&88 thè 8v6nt that would trlgg•r repaym•rt of th& grant b8¢om•$ prob4bh In vfr4ch caM A IIAbllty for r8paymgnl18 r¢¢o9ni$od In8olar 88 thls polcy r•lat•8 to Gov8fnmént grants and to thg extènt Ih8111 m8y be 8 depJrlur• from Ihe Slai8m•nl of Standard Accovntlng Practico Numbw 4. $uth departure 16 lusiified on the b8818 Ihat It Is In ord•r to ￿mplY wbth the Statemont ol R•¢ommonded PrncllGo for Accounting and Reportkng 16su￿￿ by tho Ch4rfty Commlssloners for En9land & Wabs. l) T￿atIOn As a r¢gl8l¢rod charfty, the company Is •x•mpt from Income and cowallon tax to the extant that Its IrKom• 4nd gain8 are appllcablfr lo chorflAbl• purpo8e8 ￿ty. Value Added Tax18 nol recovarabkry by tho company. and l& thereforo Includ•J In th• r•l•vant co$t8 In the Slat•ment of Flnanclal AclMtIo8 kl Flnane• and op•rallng l••*•• R8nto1s ct of op•ratlng 1•48•s wh•r• 8ub8tantlalty on Iho ben&fi1 and rf$k8 of o It8W 8r8 charged to Ihg Ststemgnt of Finon¢lo1 A¢t5vit￿6 a8 Incurred. p rem•ln wtth Flnance Standard ',%"P E.%Yes I ler 11 Fund• structure poll¢y charlty malntskns a general unreslrfcted fund whl¢h r9pro￿nts lunds whlch are expendab￿ al Ihe dlscreilon ol thè tru8¢e￿ In further&r￿a of the obl¢¢t$ of tho ¢harlty. Su¢h funds may bg held In ordor to fknance both working c8pKal and capkal Investm6nt. Rèstrl¢tsd fund$ have bèen provkled to thè chsrlty fry p8rtlcular purFX)ses. and It Is the wJMcy Lrf the board of tru8tee8 to carefully monlior Ihe appI￿ath)n of thoBe lunds In o¢¢rydan¢e th re8trldon8 placed upon them. A fixed ass￿ fund 1$ malntalnèd whlch represents th• vrtlttan dovm v8lue of t8n9lble flx•d assets, and 18 dlvKled into a r•stsretad fixed asstst fund represenllng the wrfttgn down valut of those a￿t$ $uble¢t to re8trlctk)n8, ￿th the b8Lqnc• b•ing In a deslgnaled bJnd represenllng the wrkien down valua of IIK)se as89ts free ol restrfcknrts. Th• detailed operat￿n of these funds ig d8scrib8d under the accounting pK)licy' Capltal grants,. The charity also rnarnt8ins a ¢ksignated fixed asset fund Ythich 18 an ummcted fix*1 8SSgts ftjnd set aslth to meet th8 ftrturn e8wt81 investmènts. ro Is no fornal pollcy of transfer betsveon lund5 or on the allocauon of funds to dèsignatéd lunds. olher than that descrlbod obovo. Any Qthgr propowd Iransler funds b& ¢onsw1er•d on the particular Clrcumstances. 19 Fri•nd In Need Communty Centre Notes to the Accoun18 for the year endod 31 March 2024 ml *ttountlng for L•ga¢l•s L￿a¢le$ are rnLX)gnlsed vthen the charity i￿cOMeS entitled to it. Thg Income or assets received will be treated as rnstricted or unrestricted d8P8ndlng upon Ihe exact natw• and condllions of Ihe leg￿y. n) Rocognttlon of ponslon ¢osts and penslon ass•t$ and Ilabl￿O85 Th¥ Cornpany op8rats$ a defined contrlbulon pensbn ￿h￿me. Contrlbutlons are charggd to the Incc4ng and Expendllure Acco￿1 •8 they become payabK• in accordance the wles of tho scheme. s¢)m9 Other char5table bcKly or b¢JYie8 havlng slmltgr oblects to the charlly. 2 Wlndlng up or dl$8alutlon of lh• charlty If upon wlndlrKJ up or di8601ullon of thg ch4rlty there remaln as8•ts. aftfrr the 8allsfadon of dll debi8 and liabllllles. thè 88sels represenle 287,518 110,887 3,188 381593 An•ty•l• ol mov•m•nts In lund• a• •hown In lh• tsbl• abov• Incomlng R￿0￿re•¥ Outgolng R••ourc•• G*ln• & Lo•••• MI)￿m•￿t In fund• Communty Centre 8B.605 121264 133,6591 13 Endowm•nt Fund• The charlly had no Ondowmenl funds In the year ermled 2024 or In thè year end•d 2023. 18 Sh•r• Copltal Thg ¢hadly 1$ incorporoted und•r thg Companlfj$ kt 1985 and 18 Ilmtted by gu8r8ntèe, ea¢h mgmbgr havlng undertgkgn to wntrlbulg 8u¢h gmounts not ex¢eedlng one pound as may bg requlred In th¢ gvent of thg oompgny bolThJ wouThJ up vthllst he or she is stlll a member or vthhln on¥ Bar thereofter Thw• ar• 7 mfjmhrs of thg company12023- 7 m•mb8rsl 23 Frl•nd kn N••d Communlty C•ntr• st￿d￿l& to thè Stat•mont of Flnan¢lal Actlvltl•s ft*rth• vear gndod 31 March 2024 St•tu• ofthls •¢he￿I9 to th• sfatsmont of Flnan¢lal Act1￿1 Th15 sch8dule is 8n intrin8iC Wt of th8 accounts required to compty vllh the the St*8m8nt of Recomrngndod Pfadke for A¢countirwJ and Repor￿[￿ L8su8d by Ihe ChBrlty Cornrntssh)nors for Etwland & Wak5. Ho￿ver, it18 not a part ol the slatlltory e¢counl8 rewiwl undgr thè provl8loM of lh8 Companles Act 2006 In r•lalksn to Incorporated charities. Unr••trl¢t•d R••trlct•d Tot•1 Fund• Fynd8 Funds 2024 2024 2024 Prlor P•rlod Tot•1 Fund• 2023 InGom• L•uad•s T•t•￿abl• Oonations and ￿aTrtS Tgtal Total Gran¢•,L•ga¢l•A & DonatFons R•c•lv•d Total Voluntary Incom• 12,788 12.788 270.000 17M80 285,603 Oth•T tradlng actMtIM Ig•n•r•tlng fund• Fundral$lno Inv••tm•nl Incom• Bank d•po8lt1rtor•8t r•G•lved 3.832 3,832 1,215 52 3.8¥2 1,215 Charltabl• 4etfvltl•* CXherandlbrytr•dkng to ben•fit b•Mfi¢l8rf e2,1)80 67,164 82,080 67,164 Totsl Incom 6.967 Charltable •xpendllur• Dlrnet411PPOrteMts GrosB ￿9•$ and 8alarles- tharttablv *lfvlt Ponsknn contrlbulbng ¢hwliable employw8 Vc4un¢ew8' and ¢a8ug18t8ff Costs Othor cijth ol Advlty C8ntr8 $9,171 59.171 53,779 225 573 277 1,880 573 Frlond In N•td Communlty C•nlr• S¢h•duh to th? Stst•mgnl of FInan¢1￿ Actlvlll•s for th8 vear ended 31 March 2024 statui ol th1# •¢h•dul• to thè Stthmoiit of Fknantlal Attlvllhi This schedu[8 15 an ntsin51c part of Ihe account8 r8quirwJ to cornply wth th8 the StatemBnl of Recommendgd PractSc8 for Acctyjnting and Rwortlng Issued by Ihe Charity CornmSssione¥s Yor England & W8lBs. FknwevBr. n18 not a part of the statutory aceounts req￿red under thè pro￿$10n$ of the Companies Aet 2006 In relat￿n lo incorporated Char￿]86. Vnr•8trkt•d R•8trt¢tsd Funds Fund8 2024 Totsl Fund 2024 Prfor P•rfod Totsl Fund• 2023 I&￿ag&￿ent￿n￿adMI￿tsIrau9n ￿lts In supportol¢hwlt•bl• •¢dvftl Pr•mts•* Costs Rent Pa￿bE Inaur*)¢è 12,6¢)0 3.174 1A37 12,6CK¥ 3.174 1,437 12,3ts) 751 Proml8e8 rep8lr8 and rene￿1& T¥leph)n8 and fax Statlcfi•ry prfnting Sub8c¥lpOon Compuhr Ey4)•n AthrU8lng 8nd PR Bank ¢harg 8undryexpenBe8 2,562 4.032 5,610 2,209 1,033 5,388 1,033 652 125 879 125 ProknlOn•lf•￿ Iniupportol¢h•rk•bl•KIfvIrf•• Payroll eo8t8 Othor profe￿10n￿l lo 670 4,411 4.417 4.417 D•pr•¢¢atlon of w•d for ¢hOr￿b￿ purpoJ¢s Tran8POrt Expon￿8 M•a18 and Relrnshm•nts Th¢r4F40¥ aThJ rdlof 8.886 6,104 2,524 4.126 21 8.888 6.104 2,$24 4.126 21 8,S74 5,499 t.320 Totsl Support co•t• Support ¢o•t• lorgranl• p•ld Cosls feallo¢8ted from Support C09t8 Total Exp•nd•d on Charftable Adlvltl•3 116.366 116.366 109,828 ¢3ov•rn4n￿ costs th•t •r• not dlroct m•n•g•m•nt fvnctlom Inherent In g•nere¢lng funds, servlce dellvwy andprogrammo orprolec¢ work Un¢ludlng man•g•m•nt 4ndadmlnhtrntlon ¢osts) Sp•clfic govem•nce costs Indeper￿OnI Ex8mln8rfs F88$ 3260 Total gov•rnanu ¢08ts 3260 3.300 Thg b8815 for th8 Alocatknn of costB as $hown abo￿ IB explthed In Ihg aWOUnting pJllcies and lo the e￿o￿ntS Id81ete 811 Ihls lext athohldel An•lysi$ of tr•nsf•ts b•lw••n funds Tr8nsf•rtllfroml ¢mr•gtri¢t•d to bè analysod further Tr8nsfar toJlfvom} dès fix a$9 to bè ￿lY9*d furth 8.886 18.6861 115,928 18,574} 18.886} Frfgnd kn N￿d communlty Centre Schedulg to the Stalernènt of Flnan¢lal ActlvlU•$ forth• vear ended 31 March 2024 st•lus ofthh ¥ch•duh tt*th• Stat•bMnt of Flnanclal P&tMtI Th1$ schedule L% An kntrlnslc part of Ihe a¢counts requlred to comply vjhh the Ihg Statsrnent of Recommend8d Pr8Cl￿￿ for Accounting and Rowknng is6ued by the Chwity Commlssh)ners for EryL8nd & Wabs. H¢)th*￿r. tt a part of thè stalutory OC¢OLmts r•qulr•d under th6 prov181on8 01 the Compan1￿ Ad 2006 in relalk*n lo incorporated eharfles. Unrn•trkt•d R•*trlGt•d Total Funds Funds Fund• 2024 2024 2024 Prlor P•rfod Totsl Fund¥ 2023 Transftr ts madè bo(￿••n fixed a66•t fund8 acqulr•d by granlo In respect of Ihè dèpr•dalon dwrg• on t￿?