RECISTERED COMPANY NUMBER: 04298548 (Engl¥nd gnd Wales) REGISTERED CHARITY NUMBER: 1097705 Tr stee5, Re n#udited tem¢nts hey h 2024 Faiih Re cn F undHtlon Ltd Ahmed & Co 284 Station Road Harrow Middles¢x HAI 2EA
Foith R tn ouDd¥4tlon Ltd Contents of the Finaneial StatemeD for the Year Ended 31 March 2024 Pgge Reference and Adminlstrntlve Details Trustees, Report 2 to 6 Independent ExamiTher's Report Stat¢ment of Finaneihl Actlvities Bal#nee Sheet P4otes to the Financial Statements 10 to 16 Detsiled Statement of Financial Activltles 17 to 18
Faith R n Foundation td RefereDee and Administrativ for he Year Ended 31 Mar Detall h 2024 TRUSTEES Mr Leslie Laniyan Chairman Mr Muhammad Raja Choudhury Mr Jonathan Evens Mr Umar Faisal Ahmad Dr Husna Parvin Ahmad Ms Cris¢lda Kellman COMPANY SECRETARY Dr Nujhat Jahan REGISTERED OFFICE Room 405 London Muslirn Centre 46 White Chapel Road London El IJX REGISTERED COMPANY NUMBER 04298548 (England and Wales) REGISTERED CHARITY NUMBER 1097705 INDEPENDENT EXAMINER Ahmed & Co 284 Staiion Road HaNow Middles¢x HAI 2EA Pag¢ I
Fait Re en F undalion Ltd Tru51ees' Re for the Year Ended 31 March 24 The trustees who are also direeiors of the charity for the purposes of the Companies A¢1 2006, present their report wilh the financial statements of the charity for the year ended 31 March 2024. Th¢ iru51¢es hav¢ adopted the provisions of Accounting and Reporting by Chariiies.. S¢diement of R¢commended Pra¢tice &pplicabl¢ to charities preparing their accounts in aceordaDee with th¢ Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) {eff¢ctiv¢ l January 2019). OBJECTIVES AND ACTIVITIES ObJectlv¢s, alms, ehallenges and strgtegles Our Obje¢tives'. Faith Regen Foundaiion IFRF) is a Muslim led charity committ¢d to supporting the hardesi-io-re2ch members of the BAME communities in the UK. W¢ are cojnmitted io work to reduce social exclusion and working towards in¢T¢asin8 social harmony in the soci¢ty. We have a strong track record of achieving targets and oui¢omes io ¢nsure P05iiive change for disadvantaged individuals and mMunitIes. Our Alm: FRF Hims to empower and re8eneTate individuals and eommuniiies. thTough the v¢hicle of increased capacity. education. economic ind¢pend¢nce and a strong¢r voi¢¢. We support ih¢ most vulnernbl¢ people to move into sustainable employment, rhrough iailor¢d programmes ¢onsistiDg of mentoring, employ&biliry trninin8, work placements and ¢onfiden¢e building. We also 5p¢¢io1ise in providing domestic Yiolence services, and cost of livin¥ programin¢s to addres5 the cost.of-living crisis through infomial financial education and financial support at the ¢ommunity level throu8h one to one and group g¢ssion5. Our 8trAie8leg'. Our stroiegie5 are.. (al To carry on providinby our vital servi¢¢5 to help women, particularity tho$¢ from a BAME background. affected by domestir abuse. Our serviees will include awareness workshops tor women io reduce viciim stigmalisation, bi-lingual counselling lo cope. recover and gain inijependence. $¢lf-def¢nce. Through our intervention we wanl to challenge some cultural beliefs and 5ti¥m8 that ¢onlribul¢ io V AWG Jnd encourage reporting and help io prevent domestic abuse. To take initiaiive lo ¢ommen¢¢ s¢rvl¢es on cos1.of.living ¢risi5, as we have a substantial number of BAME women exp¢rien¢ing this problem. To continue Providing our COT¢ services on education and employabiliry and widen our clientele including youth. menial health ¢lients, r¢fu8ee$ and migrnrtts. (b) (cl Slgnificant #etivitles The main income for 2023-24 WA5 from MOPAC (Mgyor's Office of Policing And Crlme) gnd the Home Office for the projecis for tacklin8 Domestic Violenee {DV) and assisting wilh ihc eosl of living crl$ls. Also, we received small funding from Sport5 En¥lAnd for our Gettlng Older-Aetlve Living (GOAL) projeci. Despite the challen¥es fa¢ed durin8 this financi41 year. FRF has managed to secure funding from Trusts and Foundati0115 and has delivered services to the most disadvantaged communities. the majorliy of our clients wer¢ women who were victims of dornestic abuse and face multiple barrier5 to progres$ in (heir lives. Pag¢ 2
Faith Re en Foundation Ltd Truste¢$' Re f r the YeAr Ended 31 March 2024 OBJECTIVES AND ACTIVITIES Public benefit In shaping the objective5 for the year and planning our activities, the Trustees have considered the Charity Cotnmission's guidance on public b¢nefit. In particular the Truste¢s ¢onsid¢r how plann¢d activities contribute to the achievemcnt of the Charity's obj¢¢tives. We accomplish OUT objectives throush th¢ following activities: (a) provide s¢rviceg to rhe victim¥ survivors and ihose who are at risk of domestic abuse and violence: provide services io people suffering from mental health., Ibl provide IAG, ¢mployability training, work placements, vocational trdinirtg. Creative English, Self Dcfcncc, confidence building and inten5Lve mentoring; [cl provide a number of courses and resources that can help both individuals and the ¢ommunities they liv¢ within to irnprove their life, as well as the social landscape they live in. Idl maintsin and champion strong connections with the local community as key to successful and sustainable regeneration of an area and rhe liv¢s of the people that live there. Page 3
Faith Re en Foundati Ltd Tru5tees' Re ort he Year Ended 31 March 2024 for ACHIEVEMENT AND PERFORMANCE Charitgble 4¢tlvltles Pro ects u dertaken durin Domestic Violenee Project funded by MOPAC (M8yor's Offlee ofpoliclng 8nd Crime) In January 2024 Faith Regen received another two years funding from the Mayols Office of Policing and Crime (MOPAC). This is a continuation of our 2021-23 VAWG project. This funding will suppoll FRF (o expand its domestic violence (DV) servi¢¢5 in Tower Hamlets and its neighbouring boroughs. Through this grant we will ty io provide essential l.. I support to supp)rt women in a range of ways including case Work, IAG. referrals to othcr organisations and move out of their trauma. The graDt funding will also help us deliver tTauma-infomed workshops, which will enable women io cli¢nts to understand trauma as an underlying issue artd also find pathways to address the5¢. IAG also involves supponing women to secure voluntary work or employment, which provid¢5 them with confidence and become active economi¢ contributors to the national economy. Thi5 project will support 180 women directly in reducing household trauma and lead safer and ind¢pend¢nt liv¢s. the ear 2023-24 Home Office Domestic Vloltnce Project Faith Regen Foundation re¢eived funding from Home OtTice Violence Against Women and Girls Specialist Suppon Services Fund. This is a partnership project with London Community Foundation ILCF) io support continuity and quality of frontline V AWG servi¢¢ delivery capacity. Th¢ projcei is to provide direct support to survivors through individual case work. group sessions andlor provide prevention services to addres5 VAWG and educate in area5 such as healthy relationships and financial independence. In th¢ year I staning from July 2023 to 31 March 2024 FRF ee1Ved £25.000 and in year 2 from April 2024 to 31 March 2025 FRF will receive the second part of the fimding of £25.000. We have built sirong partnership and distributed marketing materials to V A WG networks in Tower Hamlets and are ¢urrenily rec¢ivin8 referrals from LBTH Assessment. and Intervention Team. Hopscoich and Bromley By Bow Cenrre. W¢ have also ¢stablished relatiortships with Solace and Victim Support and received referrals from them. Women's Economlc Advice Hub (WEAH) -Faith Regen Foundation s¢cured £5000 from the Merchant Taylols Foundation towards its Women's Economie Advice Hub (WEAH). Between the months of June 2023 and December 2024 Faith Reg¢n Foundation worked with 30 BAME wom¢n, mainly British Banglad¢shi5 in domestic abuse io gain acces5 to ¢sseDtial financial skills at the household level to help them cope with th¢ Cost-of-livins cri5LS. Services were deliv¢ied in both Bertgali and English and sessions were carried out physically at our London Muslim Centre office. The projeci fo¢used on addressitjg the issue of financial health of BAME women in Tower Hamlets (LBTH) with multiple disadvantages. The majority of women who aecessed the services were victims of domestic abuse. Getting Older- Actlve Liylng (GOAL) In December 2023, Sport England h&8 awarded Faith Regen Foundation a grant of £5,474 towards GOAL (Getting Older- Active Living} project. GOAL projeci addresses the health needs of the women from BAME and faith groups through a programme of physical aciivity which promotes healthy living. The project also combat exclusion through the creation of a Social n¢iwork and walking group. A¢iivities took place in the h¢art of Green street. Upton Park and Towtr Haml¢ts. The project a¢tlVLties were completed in December 2024. GOAL engaged with 48 women and rart 48 Yogo and walking sessions with 4 groups. Each group consisied of 12 women and ¢ach group received 24 sessions of Yoga and walking ¢lasse5. London Cornmunity Foundation's {LCF) Cost of LiviDg Project W¢ received funding from MOPAC VAWG Cost of Living Fund. The nd was managed by London ComTnunity Foundation. We supported 50 rnuliiply disadvantaged BAME women in domestic viol¢nce (DV), including historical DV. to overcome the trauma through a rge of services with a sirong focus on addressing the cost-of-living crisis. Each client received 5-6 hours of support in the fortn of l.. l Case work, emotional support. lking th¢rdPy atjd group s¢ssions. This projeci also provided food vouchers to all clients to ease their struggle in managing their ¢ost-of-living crisis. We did an end-of-proj¢ct c¢remony and gave the omen cenificaies for attending the flnancial and budgeting workshops. Page 4
Faith R¢ en Foundation td Tru for th¢ Year tee5, Re nded 31 March 2024 Food Distribution Project Tower Hamlets is the borough in London with the highest rai¢ of child trf)verty. A]mosi 480/0 of children are growing up in poverry in Tower Haml¢ts, COTnpared to 12,/0 in Richmond upon Thames. Since 2019 Faith Regen Follndation has been distribuiing food parcels and food ¥ou¢hers to the disadvantaged families, in¢luding domestic violence victims who are locked in poverty. In 2023-2024. FRF distributed 100 essential food pa¢kages and vouchers in Tower Hamlets and Newham. The vouehers were distributed among the Refug¢es, Asylum Seekers and falnilies of DV victitns. We have built partnership with Sainsbury and collecting Unsold food items that's approaching its best before or use by de. Lloyds Foundtion eore funding $upport FRF rt¢eived Core fullding support from Lloyds Foundation over years starting frotn S¢ptember 2021 to September 2023. Th¢ funding has enabled FRF tts apply for further fundin8 to support domestic abuse clients in London. The core funding, which ¢onsists of iwo equal grants of 25.000 per year. excludes ihe p¢rks of various trainin8 and support m¢asures from the foundatiort to help us manage our overall business d¢velopm¢nt tha¢ is orucial in keeping a small charity like ours alive. Support has included 4 support session5 from Locality (another charity} rhat helps smaller charities to build their management. trustee board. dev¢lop a theory of change, build and understand finance5 and also drty oth¢r wrap-around support io make i¥¢ipi¢nt5 fInelalIY sustainable. One of the major element of the funding was to d¢velop a comtnunicatj0115 Strategy to help us to-. Ensure that FRF continues to exist and work on social issues, Build on and in¢re8se understanding among key audiences that FRF exists because there is a need for what FRF does and in the way that we do it and engage with other organisations on so¢ial action work FINANCIAL REVIEW Prlncipal fundiDg sources The principal sources of finance for 2023-24 w&$ secur¢d from MOPAC (Mayorfs Offi¢¢ of Policing and Crime) and the Home OLee for the Domestic VloleDce (DV) s¢rviccs. All contracts are proposed by the Foundation as fitting into its key objectives. All expenditures are incuJTed, directly or indir¢ctly, in lfIllIng the5¢ contracts. R¢serYe5 policy The Charity has a healthy reserves position. As the Trustee5 anticipat¢ that adequate resouTC¢S will be forthcoming to allow th¢ charity to continue to operate. the COUnts have beeo drawn up on a going concem basis (see note to (he financial statemenrs). The Trnstees would like to keep res¢r¥¢s at two months of operating expenses to ensure that the siaff and operdiions are properly protc¢r¢d. Financial performance The charity has suffered a defjcit for the year of £18.086 (2023.. £26,577). mainly caused by th¢ drop in the funding levels for it5 core activities. In spite of the adverse operating Gondi¢ion$ and thght fancIal constrairtts during the year. lower resources were expended in the rnanagement and administration of the charity without compromising the level of essential servi¢es to the benefi¢iaries. The savings in the op¢rnting costs were achieved by lighter financial and managemeni ¢ontrols during the ye8r. The total fijnds carried forward as at th¢ year end were £113,913 {2023: £131,999). Page 5
en F datl {a) FRF will towards tr1]dIn¥ a SW workinu relatioNhip8 with pot¢ntid fund¢r4 as w¢ll b(1¢& wbi¢h ¢tsmmissl 5ervi¢ 0>) FRF will contin in providing its vitftl 50rvir to h¢lp wom¢n, psrti¢uJ&Tly ihosc Iron) a BAME conimunities who vietirns ofdom¢stic abuse. S¢rvicog will includ¢ bi.lllJ8uai ¢ouns¢llin& thnotion support and 8elf4¢fKe lo aupport them lo cope, recovw •xl gain rtth)omic jrtdepthdae. Build &lron8 WO9 r¢lotionship8 with ¢urnt and (¢) (d) We will work to berKOlI a8 ¢OSt effective ind va]ue for monty org8ni93tion to work with. (¢) AA on¢ of ourwr¢ 8eNces we wll en888e with Faith and Community Icader8 to raise aw#r¢nes8 on domesiic thus¢. harn]1 prnclices incliiding FGM and hoTW killin8 to reth¢¢ vl¢timi¥atlon. chh11cl ¢uIwrai b¢lt¢f8 that ¢Ontribu en¢outagth8 and 4¢ces8 lo iup[ to prevent fftbuge. 10 FRF wlll to 8UPJ vuhMT4bl• ¢li0nts in th¢ t-Of-IvIn8 kYlsl& FRF will ¢ontlnu¢ to providc Its servlces on edu¢&tion. trinin8 Iryl on¥loyml. STRucrU COVERNANCE AND MANACEMENT GovernlnK du¢ument Foiih Rgscn Foun¢Jlltion tAd IFRFI constitJtes A limited ¢ompony limlt¢d by 8iiarantK, aj 4JCfln by the Conwl A¢¢ 26 4tui li 8overn by its 8ov¢ming dMent. the memor4nilum and arti¢l¢s of 980¢iation. R¢fnJltment and #ppolntmellt of new tru•t•t• Th¢r¢ have iKen 6 ttwilees durin8 the pertod. Any n¢i4' appoIntmts are by Invltadon IT 1MMendtiOn of th¢ board. A new trus has been appointul durin¥ the pericd. The vr¥uniwtiunAI sinLClurc p14La overall rwnsSbiltty for the charity the kntd which dele4at¢o deL'toion makjns ¥Ill¥1b1li0 for I1&y41Y mllnat to the Chi¢f Bxttutive OtTi¢¢r ICEOI and th¢ xnior mawement Th¢ enlir¢ boardmxts on & regulvbo6i8. It leut qutsly ormore if r4Uirn Indwtlon trllnlng of new tru8t¢ei We have an inducilon pack ond carefully d¢lld provaM for the n¢w tru8W#. All new trte¢S tre 8iv¢n suffiGLclli training h4ve enou¥h knowled8e of th¢ir sp1¢ field to understand thc n4tur¢ of the ehllrity. They #r¥ requirtd to pllnicipule in an orictktation day to ensure Ihry are oware of both th¥ir 1¢8al 8Th1 PTofession41 rtsponsibilities under charity ANJ wmpany law. Frwuen¢ rcY1v are Ctirried out ty expetienceA staff rnemFm to ensure that they ¥¢ wfficientiy 81n1 their duiies and Aiknd internal And externNI irninin8 YeI0S where apprDpTiUI¢. This r¢pxt be¢n prepor¢d in accordw with the 8PEti provi$ioM of Part IS of the compffi1 Art 2 relatl to mll 4m1pie& ApproY&l by orderof the b04rd oftruste# on 31 Jamw 2025 &nd st8ned on its behr by.. Mr Les]i¢ L4BiyaD. TruJr Pa8e 6
Inde ndertt ExamlDer's Re ort to the Trustees of Fgith Re en Foundgtion Ltd Independent exgrnlner's report to the tru5tee5 of Foith Regen Foundation Ltd {'the Comp4ny') I report to the charity tnjstees on my examination of the accounts of the Company for the year ended 31 March 2024. Re$pon$ibilities and b891s of report As the charity's Itiistees of the Company {amd a150 its director5 for the purposes of company law) you are Tesponsible for the preparation of the accounts in accordance with the requirements of ihe Companies Act 20061'ihe 2006 Act,). Having sat15fied myself that the a¢count5 of the Company ar¢ not requir¢d to be audited under Part 16 of the 2006 Act and are eligibl¢ for independent examination, I report IA respeci of my examination of your charity's accounts as Carried out under Section 145 of ihe Charities Act 2011 ('the 2011 Act,). In carying out my examination I have followed the Dircctions given by the Clwity Commission under Section 145{5) (b) of the 201 l Act. Independent examiner's stgtement I have Completed my examination. l ¢onfirni that no matters have come to my attention in connection with the examination giving me cause to believe.. accounting records were not kept in respect of th¢ Company as required by Section 386 of the 2006 Act: or the accounis do noi accord with those records., or the accounts do noi ¢omply with the a¢¢ountin8 requirements of Section 396 of the 2006 Aei other than any r¢quir¢menL that the a¢¢ounts give a tNe and foir view which is noi a matter considered as part of an independent examination. or the aoUntS have not been prepared in accordance with ihe methods and prin¢ipl¢s of th¢ S¢aiement of Recommended Practic¢ for accounting and r¢FK)rting by charities (applicable to Charities preparing their a¢counts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)}. have no ¢on¢ems and have come acros5 no other matters in connection with the examination to which atteniion should be drnwn in this r¢port in order to enable a proper understanding of the a¢¢ounts io be reached. Tofail Ahmed FCA Ahmed & Co 284 Station Ro&d Harrow Middle5¢X HAI 2EA 31 January 2025 Page 7
Faith Re en Foundation Ltd Statement of Finaneial Aetivili for the Year Ended 31 Mgrch 2024 2024 Total funds 2023 Total fund5 Unrestricted fund Restricted nds Notes INCOME AND ENDOWMENTS FROM Donations and le8aci 3.671 3,671 51.500 Charitable activities Edu¢aiion (23,430} 73,625 50,195 28,058 Fundraising activiti¢s Total 15 5551 S8,073 103,251 EXPENDITURE ON Raising funds 494 494 1,001 Ch9ritable actlvllles Education (11,303) 76.665 65,362 122,092 10.303 6,735 Total 76.665 129 828 NET INCOMEI(EXPENDITURE) (15,0491 (3,037) {18.086) (26.577) RECONCILIATION OF FUNDS Total funds brought fonyard 131,999 131,999 IS8.576 TOTAL FUNDS CAIiRIED FORWARD 116950 113 913 131999 The note3 fom part of these financial statements Page 8
FAIth n Foundation Ltd Ance 2024 2023 Unreytri¢ted R#trieted Notss CURRENT ASSETS Debr8 C4sh 81 bAnk 66,865 66,865 102 87.255 103 414 20 148,834 20250 169. I,669 CREDITORS Amounts fa]ling due within one year (20,001) {4,952) (25,55J) {24.0291 Nrf CURREKf ASSM 143531 LIABTLITIES 128233 15298 143 J3l 166.640 CREDITORS Amounts fallin8 duc atsmorc than onc y (11.283) (18.335) (29.618} (34.641) NET ASSETS 113 913 FUNDS Unr¢thd Restricted funds 116,950 3.037) 131,W9 T(rrAL FUNDS 113 913 1bt charithbl¢ •y i¥ (4titlr4 to ¢x¢mption from hudit unts Srfrion 477 of the cOnwaDi Au 2(K16 for the y¢llr d¢d 31 Mowh2024. The m¢mb¢rs hive not twiifftl Y to obt8ill an audit of its fiDanciai for the yellr athl 31 Mah 202A in aordanC¢ with Section 470 ofth¢ Conw1 AGI 2(. The ts1ceS acknowledge their rcsponsibilities for {#) ¢n5uring that th¢ ¢horit4bl¢ ¢omp4ny kws 4¢wun¢ins nwrd& that COtry)ly with tIonS 386 387 otthe ComrAnies Act 20( and Ib) preparin8 financial 5taternentswhich 8ive a true and fairview of the sith of aff•irs of th¢ chaTitobJe ¢ompany 88 8t thc Cnd of financial ycBr 4nd of its sulp13 or defjcit for eA¢h fin8nci81 year in accordance with th¢ rtywremeD15 of Stttions 394 and 395 and wbicb otheTr Comply with the requireme of th¢ cknthpA.e0 A¢t 2006 r¢l&tiD8 to finw)¢ial statem¢nl& $0 faras appli¢able tc* th¢ charktable company. bject to th¢ Ym1 cijmpaniu rryimr. The finsnciAi statenwits were approved by the Bogrd of Thwees and aut119 for i8¥ue on 31 Jgnuary 2025 weye sid on its behalf by.. MrLeslie L4tiiy•n. Tnwtee The notes forni pgrt of these finaneial siatem Pa8e 9
Faith R en undation Li Notes to the Financial Statements for the Year Ended 31 March 2024 ACCOUNTING POLICIES Basis of prep#ring the financial statements The financial staternents of the charitable company. which is a public benefit entity under FRS 102, have b¢en Prepared in accordance with the Charities SORP IFRS 102) 'Accounting and Reporting by Charities-. Staiem¢nt of Recommended Practice appli¢able to charities preparing their accounts in accordance with the Financial R¢porting Standard applicable ID the UK and Republic of Ireland (FRS 102) (effective l January 20191,, Finan¢ial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Companies Act 2006. The financial statements have been prepad under the historical cost eonvention. Income All income i5 reco8nised in the Statement of Financial Activities once the charity h&s entitl¢m¢nt to the funds, it IS PTobable that the in¢ome wils be r¢¢eived ond the amount can be m¢a5ured reliably. Expenditure Liabilitie5 are re¢ognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expendiwre, it is probable that a transfer of economic benefits will be r¢quired in settlem¢nt and the amoyni of the obligaiion can be measured reliably. Expenditur¢ is accounted for on an accrua15 basis and has been classified under headings that aggregaie all ¢ost related lo the category. Where cosis ¢annot be dire¢tly attributed to particular headings ihey have be¢n allocated to activities on a basis consistent Wlth th¢ use of resouTces. T8Dgible fixed ass¢ts Depreciation is provided at the following atjnual rates in order to writ¢ off each asset over its estimated useful Furniture & ¢quiprnent 20Vo on cost T8xatiOE) The charity is ex¢mpt from corporation tsx on its charitable activities. Fund AeeounlinE Unrestricted funds Can be used in accordance with the charitable objectives at the dis¢r¢tion of the trus*es. Restricted funds can only be used for particular re5tri¢ted purposes within the objects of the charity. Restrictions orise when sp¢¢ified by the donor or when funds ar¢ raised for particular restricted Purposes. Where incoJne is giv¢n for a sp¢cific purpose gr project, the funds are treated as restricted and any surplus or deficit will be carried forward as a restricted fund until they are fully applied for the specified purposes. Further exp18naiion of the nature and purpose of each fvnd is includ¢d in the not¢$ to the financial statements. Hlre purchase ¥ttd leasing commltm¢nts Rentals paid under operating leases are Charged to the Statement of FItl¢la1 A¢tivities on a straight line basis over th¢ period of the l¢ase. Ptnslon cosls And other post-retir¢tnent benefits The charitable company operates a defined contribution pension scheme. Contributions payable 10 the charitable company's pension scheme aTe ¢harged to the Statement Of Financial A¢tivities in the period to whhch they relate. Gov¢rnrnenl grants Government grants received by the ¢harity are recognised at the fair value of the asS¢t received or re¢eivabl¢ wh¢n there is rea50nabl¢ assurdnc¢ that the charity will Comply with conditions attaching to thern and the grdnls will be re¢eived using the accnial model. Page 10 ¢¢)ntinu¢d...
alth Re en FoundAtion Ltd Noles to the Financial Statements- continued for the Year Ended 31 March 2024 FUNDRAISING ACTIVITIE5 2024 2023 Income from office facilities Miscellaneou5 in¢omc 4204 19.796 NET INCOMEI(EXPENDITURE) N¢t in¢omel{expenditure) is stated after chargIn(editlng)'. 2024 2023 Other operating leases 3,600 TRUSTEES, REMUNERATION AND BENEFITS There wer¢ no tNstees' remuneration or other benefits for the y¢ar ¢nded 31 Mah 2024 nor for th¢ year ended 31 March 2023. Trustees, expenses There were no tnistees, expenses paid for the year ended 31 March 2024 nor for the year ended 31 March 2023. COMPARA TIVES FOR THE STATKMENT OF FINAIYCIAL ACTIVITIES Unrestricted fund Restricted fiulds Total funds INCOME AND ENDOWMENTS FROM Donations md lega¢i¢s 51.500 51,500 Charitable a¢tlvities Edu¢ation 28.058 5,000 23,058 Fundraising a¢tiviiies 103 251 Total EXPENDITURE ON Raising fund3 1,001 1,001 Charitable A¢tiviti¢s EdueatiOD 122,092 99,033 23.059 Other Total 106.769 129.828 NET INCOMEI(EXPENDITURE) (26,577) (26.577) RECOIYCILIATION OF FUNDS T(>ttl funds brought forward 158,S76 158,576 Pagell continued...
Fai hRe tn Found8tion Ltd r4otes to the Financial %t8ternents- eonti for the Year Ended 31 March 2024 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES- eontlnued Unrestricted Restricied fund fund$ Total fuDds TOTAL FUNDS CARRIED FORWARD 131999 131.999 TANGIBLE FIXED ASSETS Fumiture & equipment COST At l April 2023 and 31 March 2024 DEPRECIATIOIY At l April 2023 and 31 March 2024 NET BOOK VALUE At 31 March 2024 AL 31 March 2023 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Trydde debior5 Other debtor5 Prepayment5 and a¢¢N¢d income 52,196 780 71,922 1,444 13.889 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Bank loans and overdrafts (see note 10) Trade creditors Wages payable VAT Other creditors Accrued expenses 5,105 12,933 3,572 90 853 5,556 11,459 3,056 584 874 25,553 24,029 Page 12 continued...
Faith Re en Foundation Notes to the Financigl St8tements- conlin ror the Year Ended 31 March 2024 CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE VEAR 2024 2023 Bank loans (see note 10) io. LOANS An analysis of the maturity of loans 15 given b¢low= 2024 2023 Atnounts falling due within one year on demand.. Batjk loans Amounts falling between one and two years.. Bank loans- 1-2 years Alnounts falling due between two and five years.. Bank loans- 2-5 yeÈrs Amounts falling due in more than five year5.. Repayable by instalments.. Bank loans more 5 yr by ll)Stal 9,618 6,863 MOVEMENT U4 FUNDS Nei movernent in funds At 31.3.24 At 1.4.23 Unre$trieted funds Generdl fund 131,999 (15,049) 116.950 Restrtded funds Domestic Viol¢n¢e Violence against Wofflen and Girls-MOPAC Getting Older Active Living LCF Cost of Living Fund (4,952) (4.952) 14,850 5,400 18 335) 14,850 5.400 18 335) TOTAL FUNDS 131999 18 086} 113 913 Pag¢ 13 continued...
Faith Re en Foundation td r4oles to the Fingneial StateTntnts- con inued for arEn d 31 March 2024 ii. MOVEMENT IN FUNDS- eonllnued Net movement in fvnds, included in the above are as follows.. Incoming resources Resources expended Movement in funds Unrestrl¢ted funds G¢neral fund 115,535) 506 115,049) Restrlct¢d funds Domestic Violence Violen¢e againsi Women and Gir15-MOPAC Getting Older Active Living Lcf Cost of Living Fund 25.000 (29,952) 14.9521 19.948 5,475 (5.098) (751 41540) 14,850 5,400 18 335) 76 665) TOTAL FUNDS 76 159) 18 086) ComparAtive$ for movement In funds Nel movement in funds Ai 31.3.23 Al 1.4.22 Unrestrlcted fundg General fund 138,376 {26,377) 131,999 TOTAL FUNDS 158 376 26 S771 131999 Comparniive net movement in funds, included in th¢ above ore as follows: Incomin8 resources Resources expend Movement in funds Unre$trieled funds General t'und 80,192 (106,769) (26,577) Regtrlcted funds Violence against Women and GirlM0PAc 23.059 {23.0591 TOTAL FUNDS 103251 129 828) 26 577) Pag¢ 14 ¢ontinued...
Foith Re en Foundation Ltd Not¢s to th¢ Finoneial Statements eonti for the Year Ended 31 March 2024 ue MOVEMENT IN FUNDS- eontinued A curent year 12 months and prior year 12 month$ combined position is as follows: Net movement in fund5 At 31.3.24 At 1.4.22 Unreslrict¢d funds General fund 158,576 (41,626) 116.950 Restrleted funds Domestic Violence Violence against Women and Girls-MOPAC Getting Older A¢uve Living LCF C05t of Living Furtd (4,952) {4,952) 14,850 5,400 18,335) 14,850 5,400 18 335) 3,037 3,037) TOTAL FUNDS 158576 113.913 A eutTent year 12 months and prior year 12 months combined net movement in funds. included in the abov¢ att as follows.. Incoming r¢sourct5 Resources ¢xpend¢d Movem¢nt in funds Unrestricted fund5 General fund 64,637 (106263) 141.626) Restricted funds Domestic Violence Violence against Wornen and Girls-MOPAC Getting Older Active Living LCF Cost of Living Fund 25,000 (29.9521 (4,952) 43,007 3,475 (28,157) (75) 415401 14,850 5.400 18 335) TOTAL Fuf4DS 161324 (205 987) 44 663) 12. RELATED PARTY DISCLOSURES Th¢re were no relat¢d parry transactions for the year ended 31 March 2024. Page 15 con(inu¢d...
F41th R en Found8titsn Ltd Notes to the FinanciAI Statements- eontin f r the Year Ended 31 March 2024 13. GOING CONCERN In common with a number of chariti¢s of similar size, th¢ Charity is dependent on ¢ontract income from nurnber of gov¢rnment and non-8overnment agencies. The Trustees are of the opinion thai the a¢¢ounts should be drawn up on a going concern basis because they anticipat¢ that. in the nomial eour5e of events, adequate funding will become available io allow the charity to continue (o operaie and to rn¢et its commitment5 in full. In making this staiem¢nt, the ThLStees have eonsidered.. (a) Cash flow projeeiions for a period spannll)g twelve months from the date on which th¢ accounts were approv¢d.. (b) The measures implement¢d to significantly redu¢e operating Cosis: (¢) The likeliho(Ki of the charity being able to renegotiate existing and to s¢cure n¢w ¢onlradS' and o Agreements reaLhed with a number of creditors ¢ither to d¢fer repayments or to make settlements by insialmentS. The Trust¢¢s, how¢ver, acknowledge that th¢se matters are inherently uncertain and in the event of (he charity failing to r¢Aegotiate existing contracts or fail to secure new contra¢is or loan for repayment, diificulties could resuli which would n¢¢e5Sitate revision of the TNstees plans. Page 16
hRe en Found Detailed Staternent of Financial Actii'ities for the Year Ended 31 March 2024 2024 2023 INCOME AND ENDOWMENTS Donations and legAcies Donations Grants for ¢or¢ s¢rvices 24,250 27,?50 3,671 3.671 51,500 Fundr015ing aeilvltlcs Income from office faciliiies Miscellaneous income 4204 19,796 4.207 23.693 Charitablf #¢¢ivitie5 In5titu¢sonal grants 28.058 Total incoming resources 58,073 103,251 EXPEf4DITURE Fundr8isirt8 activities Bank loan interest 494 1.001 Ch¥ritable gctiyitles Wages Social security Pensions Reni allocated to projects Direct projert costs Travel and subsistence Staff recruitmenL training & Welfare Proj¢¢i Training Project logistics Partners, delivery costs Misc. expenses for proj¢cts 41,760 79,062 2,441 938 3.600 657 4.440 3.773 60 360 12,428 1,000 1,650 10.059 479 623 10 64,478 98.862 Support cost5 M&nagement Raies and wat¢r Telephonc, post and stationery Book-k¢¢ping service Other manag¢m¢nt costs Bank Charges 21.451 5,028 2.032 147 4,200 429 275 7.207 27,465 Premise5 Costs Rent. rates and insurnn¢¢ 1,480 This page does not forni part of the statutory financial Stements Pag¢ 17
Faith R en Foundation Detailed Statement of Financial Activities for th¢ Y¢%r Endcd 31 Mgrch 2024 2024 2023 Premi$e$ eosts Governance costs Indep¢nderti examinevs fees Total resour¢¢% expended 129,828 Net expenditure 18 0861 26 577) This page does not fortn part of ih¢ swtutory finon¢ial statements Pa8e 18