Charfty reglstratlon number 1093385 Compny ragtstratlon nuffi￿r 04132834 IEngland and Walos) FOXHILL FORUM LIMITED ANNUAL REPORT AND UNAVDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 FOXHILL FORUM LIMITEC) LEGALAND ADMINISTRATIVE INFORMATION Tru8to0• l Davidson G Moor8 S A8htgn R Woolham J Moore Socrolary l Davldson Charlty numbor 1093385 Company number 04132834 R•gl¥tered offlce In-volve Communlty Hub ?1-33 Wolla Road Sheffield S8 1BT Ind•p•nd•nt gxamln•r Well$ Rl¢hardson Cannon House Rutland Road Sheffléld S¢ulh Yorkshlre S3 8DP Bankern Barclays Bank Plo 11>12 Pin81one Streel Sheffield S12HN FOXHILL FORUM LIMITED CONTENTS Page Trusl8es' report Independent ex8mln8r's r8POrt Statement of finanfial actlvlties 10 B4lan¢e sheet 11 Not88 to the finanLXg18tAtemènls 12-24 FOXHILL FORUM LIMITED TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2024 Th8 trustéès present their annual report and finan¢lal staiemgnts for th? ye8r ended 31 Marth 2024. The nnancSal stalemenls havè been pr8pared in accordance wilh th& acex)unting polic49s set out in note 1 to th8 financial statements and CA)mply with Ihe charity's Memorandum and Artides of Assoc¢ation, th8 Companies Act 2006 and Accounting and Reporting by Charities.. Slatement of Recommended Practice applicable lo charltles preparing their accounts in accordance with the Financlal Reportlng Standard applicable in the UK 8nd Republic of Ireland (FRS 102)" {effe¢llve 1 January 2019). ObJe¢tlv•8 and actfvltlos The objectives of the charlty aro.. the advancement of education of the inhabitants of north éast Sheffield (hereinafter called the "area of benefit"), Ihrough training and relralnlng in particular bLrt not exclusively amongst unemployod people, and by the provlslon of work experience of such people. thft relief of poverty of the Snhabitants of north ea8t Shaffiold bul not exclusively by the provislon of Information and adviGe for communlty group8 regardlng fundlng and other means of finandal assistance,, and the provlslon of facilities for recreation or other leisure Ilme ocLypation for Ihe Inhabitants ol the area of benefit In the interest of 8oclal wolfaie whh the object of improving thelr conditions of Ilfo. slon.. to be recognis8d as Ihe key nelqhbourhc•od provider of local opportunilies, experlences, and ¢ommunity r8source8 in Foxhlll. Mi$$ion: to creaie a community where lo￿1 people are Involved and 6mpow8red to pay an active role and make a difference. Stralogic Priorltles Promote OL4rselves locally an(1 city-wide as Ihe key provlder of local opportunities. experience, and resources In Ihe area Involvo local people in ways Ihat remove any barriers they may face in aG(%6sing what we provide Develcping or9anisallon En8ure ¢onfidenGe and assurance In the quallty and C￿ntInUItY ofwhal wo provlde. Ttte servl¢a$ we currently provlde Our fcur core 8trand5 are as follow4.. Active Involvement ProgTamme including volunteering. work placements and volce & inllyen¢e Health and Well Belng Programm• whiGh Includes physl¢81 arflvitie5, heallhy eating and cooklng whlch Includes providlng young people with a ran98 of activllies aft?r school and during school holldays including Saturday Brunch Club. Community Lèamlng Opportunltles ICT Dmp In, job search support and digltal incluslon Support. PubliG l)eneffl The tru3tee8 have pald due regard to guidance i88U8d by the Charlty Commis$lon in derAdlng what aclivilles the charity should undertake. FOXHILL FORUM LIMITED TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 AGhlev¢ments and perfomwn¢• BBC Chlldren In N••d -Attlv• Cft120ns of th? Futur• We were sU￿e85ful in securing £1,500 lun(Jing in 22123 to Set up an essential's pantry and conllnue to support those struggling th8 mosl. In total we have been able lo provide 51 lood parcels and 23 Chlldron from 15 lamlll?• provldod wlth goln9 back to •Ghool'• packs from Foxhlll & Par•on Cro¥•. Local Sup•miarkets We remain grateful for the Support we continue to receive from both Asda & Morr180ns particular thanks to Joan Marlin a Mgddy supportlng us at Easter and Christmas, W• were able to h•lp 67 famlll•8 In lolal through th• A8d• Toy Donallon and a further 21 famlll•• through th• Esg•ntlal• Pantry. Morri8ons Ecclesfield nominated us lo benefit from customer donalions to rts annual 'Glving Tree., Despite the difficult dirnate customers kindly donated £436.00 whlch wlll enable us to purchase more gupplieg for the pantry. A big thank you from u8 at Foxhlll Forum. Flnanclal r•vlow Our total income for the finandal yeaf was £114,226 compared with lotal expenditure of £137,086. As a result the net movgm8nl In funds for the yaar was a daficil of £22,860 (2023:£36,734). Our reslrlcted funds decrease(I by £21,414 from £493.873 at the beglnnlng of the year lo £472.459 al the year-end. Our Unre¥lrl￿od funds decreased by £1.446 from £95,588 at thé beginning of the year to £94.120 at the year-end. ResoN88 policy The r8serve8 policy is to aim to have re5eNes based around 6 months b88ic running costs, bearing in mlnd fully funded projects. The target free reseNes range at 31 Ma￿h 2024, allowing for +1- 5°/0 is £73,000 - £80 QOO. Th8 actual free reserves at 31 March 2024 wer8 £94,120, whl¢h is considered as ne¢e$8ary given thg increase In Cost of living during 24-25, and rislng utility ¢OSt¥. FOXHILL FORUM LIMITED TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Pla￿ lor future pertod8 We were disappointed 8everal funding applications were un8ucce8sful. This induded a proposal to the National Lottery Community Fund - Reachlng Communities for (196K) over two years, the Organisalional Cost of Living Fund and three expressions of interest to BBC Children In Need - CO￿ Cost Prograrnme all of which are highly competitive progiamrnes. W8 are currenly reviewing our Reaching Communities proposal to the NLCF and will resubmit at the right time as well as considering other sources of funding whlch support local people's health and wellbelng whlch was severety impacted on both durlng, posl Covld and during the cost-of-living C¥i8is. We can re8ubmit an expre85ion of intere81 again to CIN for core costs over three Yea￿ after May 2024. Tha priority tor the Forum remains focused on re-building its Gore fundin9 ba$e with a priority being on community engagement and the Hub. 11 was with regret our Chief Ex8cutive took volunlary r&dundancy18aving théir role after 19 years on Thursday 2111 Decembor 2023 to pursu¢ n•w opportunitio$. It was a9r¢¢d a n¢w part-tim¢ r¢1¢ would b¢ ¢r6atod, Inilialty fvnd6d for 12 months fo¢ussgd on Hub Management to be advortlsed In 2024. Unfortunately, the Forum was unable to appolnl. FF wlll revlew the new role wrth the Intentlon of advertislng Summer 24. Inccme generated from room hlre contlnues to look promlslng movlng foThiard Into 24125. Foxhlll Forum ha$ bo•n approached by SOAR In relation to booking spac* on a Thursdgys for health wellbeing activilie8. In addition, discussions are taking place wilh a tenanl also who are poientially inleresied in ocGupylng flrsl floor space al Wolfe Road on a long-term li￿nCe, Those dlscus$lons continue. Wè will continue to dellver our income gongration strategy maximiiing grant and Gontract opportunltieG as and when they become avallable and deliver what we within the te8ourceB available to us re5pondlng to local need. Strwcturei governanGe and management The charity is a company limited by guarantee. incorporated on 3 Decèmbér 2000. and registered as a charity on 12 August 2002, The ccmpany wa8 e81abllshed under a memorandum of a$s￿latIon which established the object8 and powers of th8 charitable company and is governed under 118 8rtid&8 of association In tha •v¢nt of the ￿fflpanY being wound up, members ar• requi18d to contribute an amount not axceeding £1 •ach. Th¢ trusteés, who aro also the directors for Ihe purpoge of company law, and who seDied during the year and up to Ihe dale of signature of the financlal stalem8nl8 wgra.. l David8on G Moor• S Ashton R INoolham J Moore Rec￿ltment and appointmgnt ortmstees Tru81ee8 are appoinied by the members of Ihe charlty at the Annual General meeting. The charity h88 an experlenc8d group of trustees. Thg Forum ha5 Identlfled th• neéd to ro¢rult new trustees wlth a process Sn place to addresG this. All INst6e8 recelve an induction into thelr rol8 by the Chief Executive including a prograrnme of training and dev81opment opportunitl8s. Expenses are offered and covered under a $8parate pollcy. The beard of trusteès mééts biwmonthly. Th8 day-tckday operatlonal manag8mèDt is delegaled to th8 Forum's Chlef Exe￿tIVe. FOXHILL FORUM LIMITED TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORTI (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 The tru8lee8' report was approved by the Board of Trustees. R Woolham Trusteo 12 D8cember 2024 FOXHILL FORUM LIMITED INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF FOXHILL FORUM LIMITED I report to the tru$teg8 on my examination of Ihe financial stalement8 Oi F¢xniii Forum Llmhed ftho chamty) for lh• yearended 31 March 2024. R•¥pon•lblllt108 and ba$18 of r•port As the tru8188s of the charlty (and als0 its dlrectors for the purposes of company law) you are r89pongiblo for the preparation of the financial statements in accordance viith the requlrements of the Companles Act 2006 (the 2DO8 Ad), Having satisfied myself that th8 financi81 stalemonts of the charity are nol required to be auditgd und8r Part 16 of th8 2006 Act 8nd are 8liglt)18 fof Independent examinaiion, I report In respecl of my examination of th? charity's financlal statemenis carried out under section 145 of Ihe Charitles Act 2011 (the 2011 Act). In carrying out my examinatlon I have followed all th8 applScable Dlieclions given by the Charlty Commi85ion under sgction 145(5)(b) of the 2011 Act. Ind•pond•nt examlnerf8 •tatem•nt I have completed my examination. I confimi thot no matters have come to my attention In connection wlth the examination glvlng me cau$8 tts believ8 Ihat in any matorial rospect: accounting records were nol kgpt In respect of the charity as requlrad by seGtion 386 of the 2008 Acl,. or the financial stalements do not afford wilh Ihose rewrds; or th8 flnancial slalements do not comply wlth the ac¢ountln9 requlroments of se¢tlon 396 of th8 2008 Act other than any requiremonl that the ac¢ountS 9ive a Iru8 and fair view which Is not a matter consldered as part of an Indppendent examin8tlon', or the financlal siatements have not been prepared in accordan¢8 with the methods and principl9$ of the Stalemgnt of Recommendgd Practice for acGounling and reportlng by charitio? appliGable to charitie5 preparing their accounts in accordance with the Flnanclal Reportlng Standard appIl￿ble in Iho UK and Republlc of Ireland (FRS 102). I have no ¢onc8rns and have come acr¢$g no other matters in conngciion with the examination to which attention should r8POrt In order to enable a proper und8rstanding of the financi81 $iatements to be reached. Grant Wade BAACA Independent Examiner Chartered Account8nt Wells Richardson C•nnon Hou•• Rutland Road Sheffleld South Yorkshire S3 8DP Dated., 16 D8cemb8r 2024 FOXHILL FORUM LIMITED STATEMENT OF FINANCIALACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FQR THE YEAR ENDED 31 MARCH 2024 UnM8trl¢t•d RMlrlct•d ftinds funds 2024 2024 Totsl Unro8trlcted R•strlet•d funds lund¥ 2023 2023 Totsl 2024 2023 Notss Incomo from: Donations and legacigs Charltable activities Other trading activitias Investrnents 11,300 7.202 12.997 1,317 57,382 24.028 68,682 31,230 12,997 1,317 2,675 4.952 10,004 257 91.810 28.495 94.485 31,447 10,004 257 Total In¢om• 32,818 81,410 114.226 17,888 118.305 136,193 Charllable aGtlvltles 48,770 88,316 137,088 27.540 145,387 172,927 N•t •xp•ndltur8 {15,954) (6,906) (22,880) {9.652) (27,082) (38,734) Transf8r$ between funds 18 14,508 {14,508) 17,080 (17,080) N•1 mov•ment In fund• 10 (1,446) 121,414) {22,860) 7,428 (44.162) (36,734) R•conclllallon of fund8: Fund ba18n¢88 brought fomard 95,56e 493,873 589,439 88,138 538,035 826,173 Fund balanc•• c•th•d forward 94,120 472,459 586,579 95,568 493,873 589,439 The statem8nt of financial actlvitlos includes all gains and lossés recognised in the year. All income and expenditure derivo from conlinuing actlvltle8. 10- FOXHILL FORUM LIMITED BALANCE SHEET AS AT31 MARCH 2024 2024 2023 Notgs Flxod a•80ts Tangible assets 14 439,318 449,302 Current •*8et• Oebtors Cash at bank 8nd in hand 16 4,934 127,574 5,721 144,193 132,508 Credltorn.. amounts falllng du• withln on• y•ar 149,914 16 (5,247) <9,777) Net curr•nt ••8ot• 127,261 140,137 Totsl ••••ts l••$ curr•nt Ilabllltlo8 586,579 589,439 Net as••ts •xeludlng ￿n810n Ilablllty S68,579 589,439 Tho lund• of thè charlty R88tricted Income funds Unrestnct8d funds 18 472.459 94.120 493,873 95.586 566,579 589,439 The company Is ontill•d to the exemptlon from tho 8udit requlr•ment contained in Section 477 of the Companie8 AL* 2006, for the y8ar endad 31 March 2024. Tho dir8clor$ acknowledga their responsibllitles for complylng wlth th8 requlraments of the Companlas Ad 2008 with respe￿ to a(r￿untIng records and the preparation of finandal slatemenl8. The member8 have not required the Company to obtain an audit of 118 flnancial statements for Ihe year in question In accordanc8 with section 476. The$e financial slatemon18 have been prepared in accordance with the provisions applicable to companies subjgGt to the small companie8 regime. The financial slalements were gpproved by the tru8lee8 on 12 DeC￿Mb￿r 2024 R Wwlham Tru$t Company re9lslralion numbor 04132834 (England and Wales) 11 FOXHILL FORUM LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 AÈ¢¢*unting pollclos Charfty Infornmllon Foxhill Forum Limlt8d Is a private company limited by guarantee incorporated in England and Walgs. The regislerod Offic￿ Is In-volve Community Hub, 31.33 Vkjlfo Road. Sh8ffl8ld, S6 1 BT. 1.1 Aecountlng conv•ntlon The financial slalements have been prépared in ac¢ordanrn wlth th& charity's Memorandum and Artlcle8 of Associallon. the Companies Act 2008. FRS 102 "The Financial Reportlng Standard applicable in the UK and Republic of Ireland" {'FRS 102.) and thè Charities SORP "Accounting and Reporting by Charities.. Slalement of R￿0MMended Practlce applicable lo Charities preparing their accounts in accordance wllh the Financial Reporting Standard applicablo in the UK and Ropubllc of Ireland (FRS 102)" (aff8cilve 1 January 2019), The charity is a Public Bènefil Entity as d8fined by FRS 102. The charlty has taken adv8ntag8 of the provlsions in the SORP ft)r charllle8 not to preparo a Stal8ment of Cash FI¢￿8. The financial slalemerrt8 are prepared In sterflng, whlch ij the functional currency of the charity. Mon•tary amounls In Iha$e flnancial 3talemenls are rounded to the near8$t £. The fjnanclal statements have b8en preparod under tha historical cost convention. [rnodified to Includ8 the revaluation of fr88hold propertles and to includa investment properti68 and (xrtaln financlal inslrumant$ at falr valu6]. The principal accounting pollcle8 adopted are sel out below. 1.2 Golng conc•m At th8 tirne of approving the financlal 8tatement8, the tru6tee8 h8v8 a reasonable expo¢tation that the charity has adequale resouwces to contlnuo In oporational exi8tenoe for the fore¥egable future. Thus the trustees continue lo Ddopl the golng ￿nC8rn basi• of aGcounling in preporlng the fin8nclal Jtatements. 1.3 Charltable fundg Unre8trictgd funds are avallable for use al the dl8cretlon of the tru$tè•$ In furtheranc• of thelr charitabla objectives. Restrict8d funds are subject to specific conditions by donors or grantors es to how they may be used. The purposes and u$e$ of Ihe restricted funds are set out In the notes to the financial statements. Endowment funds are subjact to Specific condlllon¥ by donors that the capital must be malntainèd by ihe charlly. 1.4 Incomo Incomè Is r•cognlsed when the ch8rlty is legally entiued to it aftoT any performance conditJon8 have been fflet, the amounts can be mea6ured reliabty, and it Is probable thal income will be rec81ved. Cash donalions ar8 recognised on recelpt. Other donatlons are rècognised once the charity has b8en notified of the don81ion. unless porformanr* conditions require deferr81 of the amount. Income lax recoverable in relalion lo donallons re¢elved under Glft Ald or deeds of covenant Is recognised at the time of the donation. Legacies are fecogni8ed on receipi or ¢Aherwis8 if the charity has been nollfied of an impending distrlbution, Ihe amount is known, and receipt 18 expectad. If the amount is not known, the legacy is Ir8at8d as a conling8nt asset. Giants received - If these are subject to pr￿onditIOnS for entitlemenl or use by the donor whlch have nol been met at thè year end they are included In credltors lo be ¢arried forward. Grants of a restricted nature, which have. under Ihe lerms of the restriction. been fully ￿pended during the year of receipt. are included as régirict8d incoma. 12- FOXHILL FORUM LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Ac¢ountlng pollcles Icontlnuedl 1.5 Expendlthr• Expendilure Is rÈ¢ognlsed onc8 there is a legal or constructive oblig8lion to transfer economlc benefit to third party. Il is probable that a Iransf8r of economic benefits will bo required in settlement. and the amount of Ihe obligatlon can be rneasured reliably. Expenditure is dasslfied by activity. The Costs of each actlvlty are made up of the totsl of direct costs and shared costs. Including support cosls involved In undertaking each aCtI￿ty. Dlrect Costs 8ttribulable to a slngle actlvity are allocated directly to that activily. Shared costs which contribute to fflor8 than one activity and support costs which are nol attributab18 to a slngle actlvity are apportloned between those activities on a ba818 conslstent with Ihe use of resources. Central staff ¢o$ts are allocated on the basis of tlme spent, arKI depreclatl¢n charges are allocated on the portl¢n of the asset's use. 1.8 Tanglbla flx•d a•¥ot• Tangible fixed assets are inltlalfy measured at cost and subsequentty ma8sured at cost or valuallon, net of depreciation ané any impairmanl losses. D8preci8tion is recognised 80 8$ to wrlte off the Cost or valuation ol as8ets183S thelr ro$ldual values over thelr Useful lives on thè following bases: Leasehold land and bulldlngs Fixtures and fillings 2% straight Ilne 25%.33VA straight line The gain or1088 arising on thg disposal of an asset is delermlned as the difference between the sale proceed6 and the carryin9 value of the asset, and is recognised in the statement of financial a¢tivitie8. Any assels costln9 less than £500 are written off at the tlme of purchase. 1.7 Impalrm•nt of Ilxad a•sets Al eath reportlng ond dat6. the charity revlews the carrylng amoun18 of Its t8nglbl8 assets lo détemiine whelher there is any indication that those assets have suffered an impairmanl loss. If any such indiGalion exists, the racoverable amount of the ass&t is eslimaled in order to determine the gxtent of the impalrment Ioss (rf any). 1.8 Calh and ca8h oqulvalgnts Cash and cash equivalents include cash in hand, deposit8 held at c811 wlth banks. other short-tèrm liquld Inve51menls with orlginal m8turiti88 of threo months or les3, and bank overdrafts. Bank overdrafts are shown withln Ix)rrowings in current Ilabilitles. 1.9 Flnanclal In•trum•nts The charlty has eleclefj to apply the provisions of Sectlon 11 '8asic Financial Instrumenls, and Section 12 'Olher Financlal Instruments Issues, of FRS 102 to all of Ils fingnclal instruments. Financial instruments af• r8¢0gnised In the charlty'8 balance sheet when the charity bar))mes paty to the (¥Jntractual provisions of the Instrument. Flnancial assets and liabilities are offset, with the net amounts pre$ented In the financi81 statements. when there is a legally enforceable rlght to set off Ihe recognised amounts and there is an intention to settle on a ngt ba8is or to realise the asset 8nd settle the liabillty 8imultaneousty. 13- FOXHILL FORUM LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 AG¢ountlng poll¢lo¥ {Corrtlnued} 8aslc flnanel*l •$sots Basic financial assets, which include debtors and cash and bank balances, are inliially measur8d at Iransaciion price including transacllon costs and are subsequently carrled al amortlsed cost using the 8ffectFVe int8rest method unless the arrangement constrtutes a financing transaction. wher8 th8 transactlon Is measured al the present value of the fulure fec8ipls discounted at a market rate of interest. Finandal assets daisified as r8ceivable within one year are nat amortised. Ba$1¢ flnanclal Ilabllllle¥ Ba3iG financial liabilities, Includlng credilors and bank loans are initially racognisad at transaction price unlaa$ the arrangem8nl constitules a fin8nclng transa¢ti¢n, where th6 debt instrument is measured at the present value of the luture payment8 dI$￿Unted ai a market rate of interest. Flnanrial liabilltles classifiad as payable wtthln one year are not amortised. Debt Instruments are subsequently carried at amortl8ed cost. uslng iho affectlve inleresl rale method. Trade crèdltors are obligatlons to pay for goods or servi￿$ that have been acqulred In the ordinary course of operali¢ns from suppllers. Amounts payable are dasslfied as current liabilities if payment Is due wrthin one year or le88. If not, they are presented as non-current Ilabllllles. Trade credllors are re¢ognised Inlllally at Iransactlon priGe and sub8equenlty measured at amortlsed c05t uslng the effective interest m8lhod. Der•cognltlon of financlal Ilabllltles Financial liabilities are derecognised whon thg charity's conlractual oblig8tlons expire or are discharged or cancelled. 1.10 Employ•e bon•fft8 The cosl of any unu8ed holiday entitlement18 reco9nised In the period in which the omployee's services are reCeI￿d. Temination ben¢flts are rècogni88d immedlately ag an expense when the charlty is demon8trably commltt8d lo lermlnale the employment of an employeo or lo provlde terminatlon benofits, 1.11 Rotlrement b•n•llts Payment8 to defined contrlbulion reiiietnenl benefit scheme8 are chargad as an expense a8 they fall du8. Crltlcal •¢¢ountlng osQlm•tw and Judg•mont• In the application Clf the tharlty'8 accouhtlng pollcies, Ihe trustee8 aro requlred to make ludgemenls. eslimata8 and assumptions about the carrying amount of assets and Ilabilities that are nol readily apparenl from other 60ur¢es. Thè estimate8 and a88oclated assumptlons are b888d on hlstorical experlence and other ladors that are consider8d to be relevant. Actual results may differ from these estimates. The eslimales and und8rlying assumptions are reviewed on an ongoing basis. Revisions to accounting eslSmates are recognised in the period in which the estlmate Is revised where Ihe revlslon affecls only that peri¢xl. or in Ihe perlod of the revlslon and futuwe periods where the revislon affects both current and futur8 perlods. 14- FOXHILL FORUM LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Income from donallon8 and legael•$ Vnmtrfct•d Restrlcted fund• funds 2024 2024 Totsl Unrnstrletsd Restrlcted fundi lund• 2023 2023 Total 2024 2023 Donations and glfts Grants recèivable 675 2,000 675 93,810 11,300 57,382 68.682 91,810 11.300 57,382 68,682 2.675 91,810 94,485 15- FOXHILL FORUM LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 In¢ome from other tradlng actlvltle* Unrnstsl¢tsd Unrestrl¢lod funds funds 2024 2023 Letting and licensing arrangemonls 12,997 10,004 Incomg from Inv•4slments Unre•trl¢t•d UnroBtrtcted funds fund• 2024 2023 Intere•t fecelvable 1,317 257 17- FOXHILL FORUM LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Exp8ndltur• on charltablo actlvftl8B Charltable actlvltlo• 2024 Charftsble actlvltle• 2023 Dlr•¢t cMI• Staff costs Depreciation and impairment Other amploymènts costs includlng tralnlng and rèdundancies Sessional Staff co$ts Projeci work Premi$•$ costs offi￿ runnlng c08t8 offi￿ IT cosls Publiaty Consultancy and professional fees 67,593 9.984 15,959 3.198 7.444 22,705 5,864 582 90,050 9,984 3,812 3,320 3,354 60,630 6,343 556 2,420 1,097 537 135,406 171.366 Grant lunding of actlvltie8 (see note 8) 81 Share ol •upport and gov•m•nce co•ts (••• note 9 Gov8manr 1,880 1.StsJ 137,086 172,927 Anaty81• by fund Unre81riGted funds Reslrlcted funds 48.770 88,316 27,540 145,387 137,088 172,927 Grants piyatsl• Charltsble a¢tlvltle• 2023 Grant610 institutions., Macmlllan Nurses 81 18- FOXHILL FORUM LIMITED NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Support colts allo¢atod to actlvlll•s 2024 2023 Governance costs 1,68Q 1,500 Analy8ed ba￿en". Charitable activities 1,680 1,500 Govemance cosis includes payments to the indèpendent éxaminer of £1,880 {202& £1,500), 10 Net movement In funds 2024 2023 The net mov8ment In funds OJ Btated after ch•rglngl(txediting): Depreciation of ¢)wned tanglbl• fixed a8setS 9.984 11 Tru8t••1 None of the Iru8tee3 (or any persons connecled with them) recelved any remuneralion or benefit8 from the charlty during the year. 12 Employo•8 The averaga monthly nurnber of employee8 durfng the year vM8'. 2024 Number 2023 Numb•r Employm•nt ¢08ts 2024 2023 1898$ and $818ri88 Social security tsjgts Othei pension costs 63.606 188 3.799 82,289 2.461 5,300 67,593 90,050 Redundancy and terminallon paymen18 totalling £15,754 were made in Ihe reporting parlod relating to a senior employee. There were no employees who$8 annual remuneralion was MO￿ than £60,000. 19- FOXHILL FORUM LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 12 Employee• (Continued) Romuneratlon of kgy managemont p•rgonnel The remuneralion of key manag8ment personnel Is as follrMIs. 2024 2023 Aggregate compensation 45,454 53,032 13 Taxatlon The charity 18 exempl from taxallon on its aciivilies because all Its income 1$ applied lor charltable purposes. 14 Tanglbh fix•d ••?ots L•a•ehold Flxtur•J ind nd and Ilttlng4 bulldlng• Tol•l Co•t At 1 April 2023 499,221 51,125 550,346 At 31 March 2024 499,221 51,125 550,346 Doprnc14tlon and Impalrni•nt At 1 Aprll 2023 Depreclatlon charged in the year 49,919 9,984 51,125 101.044 9,984 Al 31 March 2Q24 59,903 51,125 111,Q28 Carylng amount At 31 Mar(* 2024 439,318 439,218 Al 31 March 2023 449,302 449,302 The leasehold property was gifted to Foxhill Forum Limlted lor £1 by Ihe Wolle Road Projecl Limlted in December 2010. The trustees deemed the donatlon in kind to be worth £225.000, and have treated this as dgemed c051 wlthin the accounts. Following this dale. irnprovemenl8 were unflertaken wilh the assistance of the Big Lottery. The property accounting value is held as a Restrict￿ fund and depre(xaied In Ilne with Ihe relevant accountlng pollcy. 15 D•btors Amounts l•llln9 due wlthln one year: Tiade debtors Prepayment5 and a¢crued income 2024 2023 2,820 2,114 5,081 640 4.934 5,721 -20- FOXHILL FORUM LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 16 Credltor¥: amounts falllng due wlthln one year 2024 2023 Other taxalSon and social security Trade cr8diloT6 Accru818 and deter￿d In¢ome 831 851 3,565 1,392 4,320 4.065 5,247 9,777 17 R•tlrnmont b•n•flt •chemeg 2024 D•fln•d colrtrlbutlon sch•m•4 2023 Charge to prollt or1088 Sn r•Bpect of deflned conlribution schemes 3,799 5.300 The tharlty operales a defined contribution pension scheme for all qualifylng employees. The assets of the 8cheme are held separately from those of the charlty in an independently admlnlstared fund. 21 FOXHILL FORUM LIMITED NOTE8 TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 18 R•strlcted fund8 The restrl¢ted funds of the charfty comprise the un8xpended balances of donations and grants held on tryst subject to specific condftions by donors as to how they may be used. Incomlno Re$ourc•$ rn8our¢•$ •xpended Transferd At 31 March 2024 2023 BBC Children In Need.'Actlve Citizens of the Futur& Awards FoiAII Cash For Kid¥:Mi5sion Chriolmas South York8hire'3 Communlty Foundation SCC,'Warm Spacgs SCC.'Cookery Boot Camp SCC..Infrastructuro levy 2 SCC.'Community Wellbeing & Sensory Garden SCC:YoLrth Fund SCC:CIL Hub Improvement8 SCC.'Ward Pot SCC..E8senlial Pantry SCC'.Wnter Programme SCC..Holiday Actrvilles SCC.'Hub Improv•ment A8da'.Enpowerfng Communltles SOAR..Hollday Activltles Fund SOAR.'D8menlia Fund SOAR.'Let'$ Build Heallh 5,118 6,$34 29,062 9,216 (26,423) (3,334) (3,775) (3.200) 3,982 9,218 2,235 (1,620) e15 958 150 2,457 6,070 14.758 (12,404) 12.730) 680 150 2,457 6.070 1,459 335 7.732 241 1,430 1,797 608 1,704 750 2,913 945 1,138 1,459 1,045 855 (145) (5.842) (1.477) {734) {1,492) 3,493 (1,125) 1.132 898 305 808 1,704 750 {185) 220 448 24,028 (23,448) (725> (688) (3.878) 44,572 449,301 Prop8ty resen 81,410 (78,332) (9,884) (14,508) 33,142 439,317 493,673 81,410 (88,316) (14,508) 472,459 -22- FOXHILL FORUM LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 18 R08tr1cted fvnds {Contlnuéd) Pr•viou• year: Al 1 Aprti 2022 Incomlng R88ourGe¥ resources oxpended Tran8fers At 31 March 2023 Big Lottery Fund BBC Children in Noed:Citizens Awards Fcff All:Fantastic FoxhllVFoxhill Food Families Cash For Kids'.Misslon Christmas South Yorkshlre's Communily Foundation SCC:Community Covid Response SCC'.InfrastruGture levy 2 SCC.'Community Wellbeing & S8nsory Gardèn SCC.'Digital Loan Scheme SCC:CIL Hub lfflprovemenls SCC..Ward Pot SCC.'Essantial Pantry SCC,'Winter Programme SCC,'Holiday Activiti88 SCC..Hub Improvement S¢C:Ycuth Fund SCC.'Warm Spaees SCC:Cookery Boot Camp SCC,.Jubilee Asda'.Enpow8rlng Communitie8 SOAR.'Holiday Aciivities Fynd SOAR:Dementia Fund SOAR..Lefs Build Heallh 37,773 6,166 30 28,363 (36,863) (29,411) (940) 5.118 4,341 8,878 (3,297> (3.386) 6,534 2,235 2,235 1,327 (369) 958 7.222 7,131 (7,222) (1.061) 6,070 2,499 6,250 {1,040) {4,586) (20,787) (4,043) (45) (158) 1.459 (1,664) (1,500) 29,999 4,284 2.495 4,280 828 6.158 989 500 2,457 360 750 26,465 7,732 241 1,430 1,797 608 1,704 335 150 2,457 {1,020) (2,325) (220) (4,452) (210) (1301 (444) (220) (210) (150> 2,815 991 750 2,913 945 1,138 121,156) (46) (337) (5.211) 1,473 Property reservo 78,750 459,285 118,305 (135,403) (9,984) {17,080) 44,572 449.301 538,035 118,305 (145,387) (17,080) 493,873 19 Unr•strlet•d fvnd• The unre8trlcted fvnds of the charity comprfse Ihe unexpended balances ot donatlons and grant¥ which are not sublect lo specaflc conditions by donors and 9raniors as to how they may be used. These include deoignated fijnds which have been set 88ida out of unre81rfcted funds by th& trust68s fer specifi¢ purposes. At 1 Aprfl 2023 Incomlng ra8ourGe3 Resources oxppndod Transfor8 At 31 March 2024 General funds 95.566 32,816 (48.770) 14,508 94,120 .23- FOXHILL FORUM LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 19 Unre8trlct•d fvnd$ Icontlnued) Prevlou8 year: At 1 April 2022 Incomlng r990ur¢•8 Re$ource¥ •xp•ndèd Trdnsferg At 31 March 2023 General funds 88,138 17,888 (27,540) 17.080 ,566 Transfers relate to intemal rent recharge5 and managernenl fees. 20 AnalyJl• of not a•$•ts between funds UnrvJtrlcted fund• 2024 Restrt¢tèd fundg 2024 Total 2024 At 31 March 2024: Tangible assots Current a56etsl{Ilabllith'es) 439,318 33.141 439,318 127.261 94,120 94,120 472,459 566,579 Unr•8trl¢t•d fvnd• 2023 Re•lrfcted lund8 2023 Total 2023 At 31 Mareh 2023.. Tangible assets Curront a$selsl(Ilabilltles) 449,302 44,571 449,302 140,137 95,586 95.566 493,873 589,439 21 Rélat•d party tran8acllon8 There were no disclosable related party transactions during Ihe year (2023- none). -24-