2023-03-31-accounts - The Freedom Community Trust Limited

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		Page
Reference and Administrative Details
Report ofthe	Trustees	2-5
Report ofthe	Independent Auditors	6-8
Consolidated	Statement ofFinancial Activities
Consolidated	Balance Sheet	10
Charity Balance Sheet
Cash Flow Statement		12
Notes tothe	Cash Flow Statement	13
Notes tothe	Financial Statements	14-23

Ob'ective						What we did
The relief of poverty and unemployment						We continued our work with EMS to continue the success ofour food project,
						with ever more members joining and further support offered by the business
						community. We succeeded in securing atwo-year extension to the project
						thanks to support from the national lottery and Places for People. We remain
						indebted to Cranswick foods and partners for their continued generosity and
						sUpport.
						We delivered a number of highly impactful projects to reduce the impact of
						the cost of living across the community, including clean kids, sun kids, warm
						kids, E1 meals and a range offree activities over the course ofthe year.
The advancement of			education,			We continue the support of adult education, library, and community ICT
training, or	retraining					services to and ensure that are communities get the best access skills and
						training.
The provision		offinancial		assistance,		Support given to start-up businesses including technical and financial
technical assistance,			advisory		and	support. This included help to access covid support grants to ensure they
counselling	services,		business		advice	could continue to operate through the pandemic.
or consultancy
						Support for youth enterprise continues along with support for care leavers to
						access work and other related support.
The provision		offacilities		for		Supported the work ofthe Freedom Centre to deliver recreational facilities
recreational	and leisure time and the					and positive social expenences saw Covid safe pantomimes and family
organisation	of leisure activities					activities return, providing much needed relief in difficult times. Free events,
						family events and subsidies events ensured there was something for
						everyone.
The protection		or conservation			ofthe	Our programme to reduce energy use continues, with further investments
environment						made in LEDtechnology and efficient control systems.
The holding	ofexhibitions,			meetings,		In person meetings built back well after the pandemic, with further progress	to
etc.						come.
The promotion		of public safety			and	We secured funding from the Police and Crime Commissioner to upgrade	our
prevention	of	crime				CCTV system.
The promotion		of health and healthy				We provided location support to a wide range of health promotion charities
lifestyles						and the NHS to spread positive messages about health.
						Our community gym continued to provide an exceptional value service to its
						members. We re-introduced exercise classes and opened them to non-gym
						membem. We ran a highly successful free gym pass programme with the
						assistance ofActive Humber and Sport England
						Our cafe rovided low-cost hi h- ualit foodfor the communit .

We anticipate	that we will continue to see increasing demands for support, rising delivery costs	that we will continue to see increasing demands for support, rising delivery costs	that we will continue to see increasing demands for support, rising delivery costs	that we will continue to see increasing demands for support, rising delivery costs	that we will continue to see increasing demands for support, rising delivery costs	that we will continue to see increasing demands for support, rising delivery costs	that we will continue to see increasing demands for support, rising delivery costs	that we will continue to see increasing demands for support, rising delivery costs	and continued	and continued	pressure	pressure	on
revenues. However, we will continue						our		commitment to deliver our objectives. We are hopefully that providers				in	the
funding market	will	be	returning	to support				community priorities.
Ob ective								Our ans
The relief of	poverty		and unemployment					We will continue to work with partners to improve		opportunities			to
								access skills and find employment.
								Continued partnering with EMS to help reduce household
								expenditure on utilities and food, reducing	poverty
								Continue to partner with PROBE and others to	support	skills	and
								employability
The advancement ofeducation,					training,			We will continue to work with partners to improve		opportunities			to
or retraining								access skills and find employment.
								Continued partnering with EMS to help reduce household
								expenditure on utilities and food, reducing	poverty
								Continue to partner with PROBE and others to	support	skills	and
								employability
The provision offinancial assistance, technical assistance, advisory and counselling services, business advice							or	We will continue to work with partners to improve access skills and find employment.		opportunities			to
consultancy								Continued partnering with EMS to help reduce household
								expenditure on utilities and food, reducing	poverty
								Continue to partner with PROBE and others to	support	skills	and
								employability
The provision	of	facilities for recreational						Supporting the work ofthe Freedom Centre to deliver			recreational
and leisure time leisure activities		and	the organisation				of	facilities and positive social experiences
								Develop existing community groups
								Encourage new community groups to form
The protection or conservation environment					of the			Working with partners and others to explore ways ofensuring development towards sustainability ofthe local environment				the

Ob'ective					Our ans
The holding	of exhibitions,		meetings,	etc.	Supporting the	Freedom Centre to provide	exceptional		quality
					facilities to the	benefit ofthe wider community
The promotion		of public safety and			We will seek continued improvements in the security			of	the area
prevention	of crime				working closely	with agencies such as the	police.
The promotion lifest les		of health and healthy			Supporting or co-ordinating health promoting statut bodies and the obecbves ofnational		charities, volunteer rammes.			groups,

for the year ended 31stMa	rch	2023
						2023	2022
				Unrestricted	Restricted	Total	Total
		Notes		fund f	fund E	funds 6	fundsf
INCOME AND ENDOWMENTS		FROM
Charitable activities
Grants and donations		3		1,231	63,169	64,400	36,608
Investment income		2		485,472		485,472	476,883
Trading activities Other income				237,791 5,942		237,791 5,942	146,244
Total				730,436	63,169	793,605	659,735
EXPENDITURE ON
Raising funds		4		131,959		131,959	102,569
Charitable activities		5
Community services &facilities				1,024,191	65,395	1,089,586	1,027,329
Total				1,156,150	65,395	1,221,545	1,129,898
NET INCOME/(EXPENDITURE)				(425,714)	(2,226)	(427,940)	(470,163)
NET MOVEMENT IN FUNDS				(425,714)	(2,226)	(427,940)	(470,163)
RECONCILIATION OF FUNDS
Total funds brought forward				8,398.436	19,832	8,418,268	8,888,431
TOTAL FUNDS CARRIED	FORWARD			7,972,722	17,606	7,990,328	8,418,268
CONTINUING OPERATIONS
All income and expenditure	has	arisen from continuing	activities.

The Freedom Community Trust Limited
Consolidated Balance Sheet
31stMarch 2023
		2023	2022
	Notes	6	5
FIXEDASSETS
Tangible assets	14	7,535,437	7,998,035
CURRENT ASSETS
Stock	16	1,837	2,086
Debtors	17	60,110	65,118
Cash at bank		500660	451,564
		562,612	518,768
CREDITORS
Amounts falling due within one year	18	(107,721)	(98,535)
NET CURRENT ASSETS		454 00	420 233
TOTAL ASSETS LESSCURRENT LIABILITIES		7,990,328	8,418,268
NET ASSETS		7990320	0410260
FUNDS	20
Unrestricted funds		7,972,722	8,398,436
Restricted funds		17,606	19,832
TOTALFUNDS		7 990.320	0,410.260

The Freedom Community Trust Limited
Charity Balance Sheet
31stMarch 2022
		2023	2022
	Notes	6	E
FIXEDASSETS
Tangible assets Investments	14 15	7,516,994 10	7,986,273 10
		7,517,004	7,986,283
CURRENT ASSETS
Debtors	17	33,239	17,623
Cash at bank		366,035	336,381
		399,274	354,004
CREDITORS
Amounts falling due within one year	18	(31,881)	(14,475)
NET CURRENT ASSETS		367,393	339,529
TOTAL ASSETS LESSCURRENT LIABILITIES		7,864,397	8,325,812
NET ASSETS		7.884.38	8 325,812
FUNDS	20
Unrestricted funds		7,866,791	8,305,980
Restricted funds		17,606	19,832
TOTAL FUNDS		7884387	8,325,8 2

				2023	2022
			Notes	6	E
Cash flows from operating		activities
Cash generated from operations			1	63,271	~56,103)
Net cash (used in)/provided		by operating	activities	~63 271	~55,103)
Cash flows from investing		activities
Purchase oftangible fixed assets				14,170	4,000
Nst cash used in investing	activities			/14,170)	~4,000)
Change in cash and cash		equivalents	In
the reporting period Cash and cash equivalents		at the		49,101	(60,103)
beginning ofthe reporting		period		~451 564	511,667
Cash and cash equivalents		at the end	of
the reporting period				500,665	451,564

for th	e year ended 31stMarch 2023	e year ended 31stMarch 2023	e year ended 31stMarch 2023	e year ended 31stMarch 2023	e year ended 31stMarch 2023	e year ended 31stMarch 2023	e year ended 31stMarch 2023
1.	RECONCILIATION OF NET EXPENDITURE TO NET CASH FLOW FROM OPERATING ACTIVITIES
						2023		2022
						8		2
	Net expenditure for Financial Activities)	the reporting		period (as per the Statement of		(427,940)	(470,163)
	Adjustments for: Depreciation charges					476,767	477,540
	Loss on disposal offixed assets (Increase)/decrease in debtors (Increase)/decrease in stocks (Decrease)/increase in creditors					5,008 249 9187		12,937 (96) ~76,321
	Net cash (used in)/provided		by operations			~63 271		~56103)
	ANALYSIS OF CHANGES IN		NET	FUNDS
				At	1.4.22	Cash flow	At	31.3.23
					8	8		8
	Net cash
	Cash at bank			451,584		49,101		500,665
	Total			~451584		49,101	~500 685

lease term. Costs incurred in earning the leas	e income are rec	e income are rec	ognised as costs o	ognised as costs o	f raising funds.
Operating lease expenses are recognised as	an expense over		the lease term on		a straight line basis.
INVESTMENT INCOME
					2023 f	2022 f.
Rents and service charges receivable					485,472	476863
All of the investment income for 2023and 2022 is unrestricted			income.
ANALYSISOFGRANTSANDDONATIONS	Unrestrictedf		Restrictedf		2023f	2022f
Big Lottery —Freedom Fresh Food Big Lottery —Fire Alarm Panel Office ofThe Police & Crime Commissioner				48,458 9,500 5,211	48,458 9,500 5,211	3,500
Government grant income Other donations		1231			1,231	32,108 1,000
		1 231		63 169	06100	36608
For 2022f3,500ofthe grants received are restricted		income,	with the	remained	being unrestricted.
RAISING FUNDS	Unrestrictedf		Restrictedf		2023f	2022 f
Property management costs Cost ofgoods sold and other costs		70,075 61,884			70,075 61,884	71,681 30,868
		131,959			131959	102569

			Direct	Grant	Support
			charitable	funding of	costs (see	Totals	Totals
			activities	activities	note 6)	2023	2022
			6	8	2	6
Community	services	&facilities	439,027	9,804	640,755	1,089,586	1,027,329

SUPPORT	COSTS
		2023	2022
		6	f
Management		31,967	33,671
Finance		30,857	37,661
Information	technology	469	315
Human resources		72,571	77,881
Premises costs		14,949
Governance	costs	13,175	11,100
Depreciation		~36 361	477,540
		080,	630,160

NET INCOME/(EXPENDITURE)	NET INCOME/(EXPENDITURE)
Net income/(expenditure) is	stated after charging'(crediting):
			2023	2022
				2
Depreciation - owned assets			476,767	477,540
AUDITORS' REMUNERATION
			2023f	2022 6
Fees payable to the charity's	auditors forthe audit ofthe charity's	financial
statements			13,175	11,100

				2023	2022
					5
Turnover				803,274	715,485
Cost ofsales				252,344	234,445
GROSS PROFIT				550,930	481,040
Administrative expenses				459166	436,263
				91,764	44,777
Other operating income					32,108
OPERATING PROFIT and PROFIT BEFORE TAXATION				91,764	76,885
Tax on profit
PROFIT FOR THE FINANCIAL		YEAR		91764	76 885
COMPARATIVES FOR THE STATEMENT OF FINANCIAL			ACTIVITIES
			Unrestricted	Restricted	Total
			fund	fund	funds
			5	E	F
INCOME AND ENDOWMENTS		FROM
Charitable activities
Grants			33,108	3,500	36,608
Investment income			476,883		476,883
Trading activities			146,244		146,244
Other income
Total			656,235	3,500	659,735
EXPENDITURE ON
Raising funds			102,569		102,569
Charitable activities
Community services	&facilities		1,027,329		1,027,329
Total			1,129,898	3,500	1,129,898
NET INCOME/(EXPENDITURE)			(473,663)	3,500	(470,163)
NET MOVEMENT IN	FUNDS		(473,663)	3,500	(473,663)
Total funds brought	forward		8,872,099	16,332	8,888,431
TOTAL FUNDS CARRIED FORWARD			8,398,436	19,832	8 418268

TANGIBLE FIXEDASSE	TS
GROUP				Fixtums
	Freehold		Long		and	Plant and
	property f		leasehold f	fittings f		machinery f	Totals f
COST
At 1st April 2022	12,975,971		3,843,682		71,083	262,059	17,152,796
Additions						14,170	14,170
131 M 02023	12 0	9 I	3043002		71 D03	2 6. 9	166965
DEPRECIATION
At 1stApril 2022	6,445,355		2,406,030		53,080	250,296	9,154,761
Charge for year	314,570		146,124		8,586	7,487	476,767
At 31stMarch 2023	8759	925	2552 154		61,666	257,783	9631528
NET BOOK VALU
6 31 M I 0 3	6,216,046		1.291, 20		9,417	18,446	7,535,437
At 31stMarch 2022	6,530,616		1 437,652		18,003	11,763	7,998,035
CHARITY						Fixtures
			Freehold		Long	and
			property f		leasehold f	fittings f	Totals f
COST
At 1st April 2022			12,975,971	3,843,682		71,083	16,890,736
Additions
At 31st March 2023			129 5071	3043082		71083	10000 36
DEPRECIATION
At 1stApril 2022 Charge for year			6,445,352 314569	2,406,030 146,124		53,081 8,586	8,904,463 469,279
At 31stMarch 2023			6759,921	2552,154		01,067	9373 4
NET BOOK VALUE
At 31st March 2023			0216.050	I	II 520	9416	7516004
At 31stMarch 2022			653II619	143 652		10002	906	3

	Details of investments are	a	s follows:	s follows:
	Name ofcompany Preston Road Enterprises		Limited		Holdings Ordinary		Proportion ofshares held 100%			Nature ofbusiness Function/meeting facilities
	The subsidiary undertaking		is registered		in England and		Wales.
	In the opinion ofthe directors, the value				ofthe	company's	investment in its subsidiary			undertaking	is not less than
	the amount at which it is stated			in the balance		sheet.
16.	STOCKS					2023		2023		2022	2022
						Groupf		Charity f	Groupf		Charity f
	Finished goods and goods	for resale				1,837				2,086
17.	DEBTORS					2023		2023		2022	2022
						Groupf		Charity f	Groupf		Charity f
	Trade debtors					39,354		33,239		11,118	17,331
	Other debtors					20,756				53,708
	Amounts due from subsidiary		undertaking
	Prepaymenis and accrued	income
						60,110		33,239		65,118	17,623
18.	CREDITORS'. AMOUNTS	FALLING				2023		2023		2022	2022
	DUE WITHIN ONE YEAR					Groupf		Charity f	Groupf		Charity f
	Trade creditors					36,708		18,571		34,526	7,078
	Social security and other taxes					20,169		1,888		12,151	773
	Other creditors					3,671		3,671
	Accruals and deferred income					47,173		7,751		51,858	6,624
						107,721		31,881		98,535	14,475
19.	LEASING AGREEMENTS					2023		2023		2022	2022
						Groupf		Charity f		Groupf	Charity f
	Minimum lease payments under			non-cancellable		operating	leases	fall due as follows:
	Within one year Between one and five years In more than five years					5,656 10,668 213,425		2,083 8,332 213,425		5,655 14,239 215,508	2,083 8,332 215,508
						229,749		223,840		235,402	225,923


LEASING AGREEMENTS Cont.		2023	2023	2022		2022
		Groupf	Charity f	Groupf		Charity f
Minimum lease payments	due tothe charitable company and the		group under non-cancellable operating			leases fall
due as follows:
Within one year		336,258	247,453	295,999		267,447
Between one and five years		813,138	889,487	265,815		510,804
In more than five years		673,150	699,906	99,150		195,806
		1,822,547	1,836,846	662,964		974,057
ANALYSIS OF NET ASSETSBETWEEN FUNDS
				2023		2022
GROUP		Unrestricted	Restricted	Total		Total
		fundf	fundf	funds f		funds f
Fixed assets		7,535,437		7,535,437		7,998,035
Current assets Current liabilities		545,006 ~107,721)	1T,606	562,612 ~107,721)	518,768 ~98,535)
		7972722	17608	~7990328	8,415,268
				2023		2022
CHARITY		Unrestricted	Restncted	Total		Total
		fundf	fundf	funds f		funds
Fixed assets		7,515,994		7,516,994		7,986,273
investments		10		10		10
Current assets Current liabilities		381,668 ~31881)	17,606	399,274 ~31S81)	354,004 ~14,475)
		~7866791	~17606	7,884,397		8.325812
MOVEMENT IN FUNDS
GROUP				Net
				movement		At
			At 1.4.22 f	in funds f		31.3.23 f
Unrestricted funds
General fund			8,398,436	(425,714)	7,972,722
Restricted funds
Restricted fund			19,832	(2,226)		17,605
TOTALFUNDS			8418288	~427940)	~7990328

Net movement	in funds, incl	ude	d in th	e above	are as follows:
							Transfer
					Incoming	Resources	between	Movement
					resources	expended	funds	in funds
					E		E	E
Unrestricted	funds
General fund					730,436	(1,156,150)		(425,714)
Restricted funds					63,169	(65,395)		(2,226)
Restricted fund
TOTALFUNDS					~793605	~1.22L545		~427 940)
Comparatives	for movement		in funds
							Net
							movement	At
						At 1.4.21	in funds	31.3.22
						E	E	E
Unrestricted	funds
General fund						8,872,099	(473,663)	8,398,436
Restricted funds
Restricted fund						16,332	3,500	19,832
TOTALFUNDS						8,888,431	~470163)	8,418,268
Comparative	nei movement	in	funds,	included	in the above are	as follows:
							Transfer
					Incoming	Resources	between	Movement
					resources	expended	funds	in funds
					E	F	E	E
Unrestricted	funds
General fund					656,235	(1,129,898)		(473,663)
Restri cted funds Restricted fund					3,500			~3500
TOTALFUNDS						1,129898		~4ta.183
CHARITY							Nei
							movement	At
						At 1.4.22	in funds	31.3.23
						E	E	E
Unrestricted	funds
General fund						8,305,980	(439,189)	7,866,791
Restricted funds
Restricted fund						19,832	(2,226)	17,606
TOTAL FUNDS						~8325812	~441 415)	7888397

Net movement in funds, inc	lud	ed in t	he above	are as follows:
						Transfer
				Incoming	Resources	between	Movement
				resources f	expended f	funds f	in funds
Unrestricted funds
General fund				478,028	(917,217)		(439,189)
Restricted funds Restricted fund				63,169	~65,395)		~2,226)
TOTAL FUNDS				~541 197	982612		441,415
Comparatives for movement		in funds
						Net
						movement	At
					At 1.4.21 f	in funds f	31.3.22 f
Unrestricted funds
General fund					8,777,812	(471,832)	8,305,980
Restdicted funds
Restricted fund					16,332	3,500	19,832
TOTALFUNDS					8284144	~4683323	8 328812
Comparative net movement	in	funds,	included	in the above are as follows:
						Transfer
				Incoming	Resources	between	Movement
				lesoui'ces f	expended f	funds f	in funds F
Unrestricted funds
General fund				463,373	(935,205)		(471,832)
Restricted funds Restricted fund				3,500			~3500
TOTAL FUNDS				466873	~935205		~468332