CHARITY REGISTRATION NUMBER: 1105589
Furness Multi-Cultural Community Forum Financial Statements
31 March 2024
GORDON CONSULTANCY LIMITED
Chartered accountants Briar Lea House Brampton Road Longtown Carlisle Cumbria CA6 5TN
Furness Multi-Cultural Community Forum
Financial Statements
Year ended 31 March 2024
| Page | |
|---|---|
| Trustees' annual report | 1 |
| Independent examiner's report to the trustees | 5 |
| Statement of financial activities | 6 |
| Statement of financial position | 7 |
| Notes to the financial statements | 8 |
| The following pages do not form part of the financial statements | |
| Detailed statement of financial activities | 19 |
| Notes to the detailed statement of financial activities | 21 |
Furness Multi-Cultural Community Forum
Trustees' Annual Report
Year ended 31 March 2024
The trustees present their report and the financial statements of the charity for the year ended 31 March 2024.
Reference and administrative details
Registered charity name
Furness Multi-Cultural Community Forum
Charity registration number 1105589
Principal office
The trustees
Independent examiner
N Wealleans-Turner K Labo B Chandler (Resigned 23 October 2023) G Lipska (Resigned 29 February 2024) I Harris (Resigned 30 January 2024) I Bitner (Resigned 9 January 2024) L Wicks (Appointed 26 February 2024) MM Katjiuanjo (Appointed 29 February 2024) R W Gordon, FCA Briar Lea House Brampton Road Longtown Carlisle Cumbria CA6 5TN
Structure, governance and management
Furness Multi-Cultural Community Forum is an unincorporated registered charity established by a constitution adopted 27 August 2003 and further amended 5 December 2019.
The charity's objectives are to promote racial harmony in Furness for the benefit of the public by provision of services to offer advice and guidance, community activities and activities to promote inclusion and increase participation; provide a youth club and by any other charitable means as the trustee from time to time determine.
1
Furness Multi-Cultural Community Forum
Trustees' Annual Report (continued)
Year ended 31 March 2024
Objectives and activities
Summary of main aims and purposes
Our charity has continued to support children, young people and adults to navigate barriers to access, seeking asylum, and address racism and hate crime.
Our efforts this year focused on achieving our final year of our three year Business Plan which included developing and expanding our services, increasing staff capacity, securing and diversifying funding streams to retain staff and create a new Finance & Compliance Officer post to improve the quality of our governance whilst working in partnership to understand and meet the existing and emergent needs of our service users and community.
Our aims this year have been to continue to develop our governance, publicity and services. We have continued to work in partnership with numerous partners to support our community and service users including people seeking asylum.
In November 2023 we celebrated our 20th year of being a registered charity and held an event to celebrate our achievements, impact and to articulate our future and direction of travel. The team has continued to deliver inspiring activities and events, all of which have fostered community engagement, cohesion and provided safe spaces for service users to access support, engage in learning and become more integrated within their communities.
Structure, governance and management
We have made positive progress against our objectives in our Business Plan, and developed and reviewed our policies to ensure compliance. We implemented a new system to computerise our accounting leading to more accurate record keeping, ownership of our payroll processes and we appointed a new accountant.
Work to identify improve methods to measure and report our social impact is underway and will form much of the basis of our work in 2024/2025. Our Business Plan for 2024-2027 has been adopted by the Trustees setting our future direction and objectives- all of which enables us to better relate the way business and decision making is carried out which has enabled us to continue to grow moving into the next financial year.
The Board of the charity, led by Chair Natalia Wealleans-Turner and Vice Chair Kleanth Labo, welcomed the following trustees Lee Wicks and Morgan Katijuanjo who joined us in February 2024.
The trustee paid due regard to guidance in section 17 (5) of 2011 Charities Act issues by the Charity Commission in deciding what activities the charity should undertake. Furness Multi-Cultural Community Forum continues to recruit new trustees using a variety of methods in line with our constitution including advertising on our Facebook and Instagram page, through our networks, and by word of mouth at community events.
Staff and Volunteers
This year we saw a change in our personnel with Janine Adams replacing Christie Anderson as our Project Manager, Emily Bari joining us as our Lead Youth and Community Worker and Bev Chandler as our Finance and Compliance Officer.
Our staff and volunteer team has continued to work above and beyond again this year to develop and deliver empowering activities and events celebrating cultural and ethnic diversity, facilitated community volunteering opportunities for our service users and fostered strong partnerships with a range of stakeholders.
2
Furness Multi-Cultural Community Forum
Trustees' Annual Report (continued)
Year ended 31 March 2024
Achievements and performance
This year we became a member of the successful Furness for You partnership to deliver activities to help local people accessing volunteer and improve their social connectedness, held our Unity Festival event in the town centre and held monthly Culture Café.
As we look ahead to the coming year we recognise that like many small charities we face challenges to sustain our organisation, meet the demands of our often vulnerable service users, seek to develop responsive and empowering youth and community work and remain steadfast in the face of growing racism and discrimination with our communities.
My respect and gratitude are reserved for not only with our whole team who deliver with tenacity, compassion, and dedication, but also for our partners who work alongside us to make a difference in our community.
None of our work would be possible without the continued investment and trust of our funders and sponsors- The National Lottery Community Fund, Francis C Scott, Cumbria Community Foundation, Sir John Fisher, Hadfield Trust, Mind in Furness, Through the Fight Foundation, Migrant Help, Global Link and Barrowful, Asda and Westmorland and Furness Council, or our dedicated and hard-working group of Trustees; their recognition and understanding of the importance our work is vital and all of whom have my my sincerest thanks!
"It is not our differences that divide us. It is our inability to recognize, accept, and celebrate those differences."- Audre Lorde
Financial review
The finances of the charity remain in sound conditions as can be seen from our annual accounts 20232024. The majority of our income is restricted and is primarily for staff costs, youth and community work. Our income for the financial year 2023-2024 is detailed in our separate accounts. During the years 2023-2024 the charity received income of £170,143.
£150,177 of this income was received in grant funding£54,510 from The National Lottery Community Fund, £44,600 Westmorland & Furness Council £17,545 Know Your Neighbourhood Fund (Groundworks) £15,700 from the Sir Francis C Scott Trust £10,000 from Cumbria Community Foundation £5,823 from The Sir John Fisher Foundation, £2,000 Hadfield Trust £1,993 Furness Refugee Support Group
We remain exceptionally grateful to our grant funders for their continued belief in the work we do, without their investment our work would not be possible. The charity incurred costs of £98,436, the main increase being the wage costs for the charity. The charity adopted a formal reserves policy in October 2022.
3
Furness Multi-Cultural Community Forum
Trustees' Annual Report (continued)
Year ended 31 March 2024
The trustees' annual report was approved on 31 August 2024 and signed on behalf of the board of trustees by:
N Wealleans-Turner Trustee
4
Furness Multi-Cultural Community Forum
Independent Examiner's Report to the Trustees of Furness Multi-Cultural Community Forum
Year ended 31 March 2024
I report to the trustees on my examination of the financial statements of Furness Multi-Cultural Community Forum ('the charity') for the year ended 31 March 2024.
Responsibilities and basis of report
As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (‘the Act’).
I report in respect of my examination of the charity's financial statements carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
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accounting records were not kept in respect of the charity as required by section 130 of the Act; or
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the financial statements do not accord with those records; or
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the financial statements do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair' view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
R W Gordon, FCA Independent Examiner
Briar Lea House Brampton Road Longtown Carlisle Cumbria CA6 5TN
31 August 2024
5
Furness Multi-Cultural Community Forum
Statement of Financial Activities
Year ended 31 March 2024
| 2024 | 2023 | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | ||||
| funds | funds | Total funds | Total funds | ||
| Note | £ | £ | £ | £ | |
| Income and endowments | |||||
| Donations and legacies | 4 | – | 154,963 | 154,963 | 122,042 |
| Other trading activities | 5 | 7,425 | 12,174 | 19,599 | 995 |
| Investment income | 6 | 259 | – | 259 | 141 |
|
|
|
|
||
| Total income | 7,684 | 167,137 | 174,821 | 123,178 | |
|
|
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|
||
| Expenditure | |||||
| Expenditure on charitable activities | 7,8 | 2,611 | 100,776 | 103,387 | 94,200 |
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| Total expenditure | 2,611 | 100,776 | 103,387 | 94,200 | |
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||
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|
|
||
| Net income | 5,073 | 66,361 | 71,434 | 28,978 | |
|
|
|
|
||
| Transfers between funds | 8,504 | (8,504) | – | – | |
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||
| Net movement in funds | 13,577 | 57,857 | 71,434 | 28,978 | |
| Reconciliation of funds | |||||
| Total funds brought forward | 14,088 | 93,995 | 108,083 | 79,105 | |
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| Total funds carried forward | 27,665 | 151,852 | 179,517 | 108,083 | |
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The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
The notes on pages 8 to 17 form part of these financial statements.
6
Furness Multi-Cultural Community Forum
Statement of Financial Position
31 March 2024
| 2024 | 2023 | ||
|---|---|---|---|
| Note | £ | £ | |
| Current assets | |||
| Cash at bank and in hand | 183,204 | 108,083 | |
| Creditors: amounts falling due within one year | 14 | 3,687 | – |
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||
| Net current assets | 179,517 | 108,083 | |
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||
| Total assets less current liabilities | 179,517 | 108,083 | |
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| Net assets | 179,517 | 108,083 | |
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| Funds of the charity | |||
| Restricted funds | 151,852 | 93,995 | |
| Unrestricted funds | 27,665 | 14,088 | |
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||
| Total charity funds | 16 | 179,517 |
108,083 |
These financial statements were approved by the board of trustees and authorised for issue on 31 August 2024, and are signed on behalf of the board by:
N Wealleans-Turner Trustee
The notes on pages 8 to 17 form part of these financial statements.
7
Furness Multi-Cultural Community Forum
Notes to the Financial Statements
Year ended 31 March 2024
1. General information
The charity is a public benefit entity and a registered charity in England and Wales and is unincorporated. The address of the principal office is 104 Cooke's Studio, Abbey Road, Barrow in Furness, Cumbria, LA14 5QR, England.
2. Statement of compliance
These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities SORP (FRS 102)) and the Charities Act 2011.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
There are no material uncertainties about the charity's ability to continue.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Fund accounting
Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes.
Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment.
Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds.
8
Furness Multi-Cultural Community Forum
Notes to the Financial Statements (continued)
Year ended 31 March 2024
3. Accounting policies (continued)
Incoming resources
All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:
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income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably.
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legacy income is recognised when receipt is probable and entitlement is established.
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income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers.
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income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.
Resources expended
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates:
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expenditure on raising funds includes the costs of all fundraising activities, events, noncharitable trading activities, and the sale of donated goods.
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expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities.
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other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.
All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
9
Furness Multi-Cultural Community Forum
Notes to the Financial Statements (continued)
Year ended 31 March 2024
3. Accounting policies (continued)
Tangible assets (continued)
An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other recognised gains and losses, unless it reverses a charge for impairment that has previously been recognised as expenditure within the statement of financial activities. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other recognised gains and losses, except to which it offsets any previous revaluation gain, in which case the loss is shown within other recognised gains and losses on the statement of financial activities.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Equipment - 25% reducing balance
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cashgenerating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.
For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the charity are assigned to those units.
Financial instruments
A financial asset or a financial liability is recognised only when the charity becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs.
Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted.
Debt instruments are subsequently measured at amortised cost.
Where investments in shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in income and expenditure. All other such investments are subsequently measured at cost less impairment.
10
Notes to the Financial Statements (continued)
Furness Multi-Cultural Community Forum
Year ended 31 March 2024
3. Accounting policies (continued)
Financial instruments (continued)
Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Other financial instruments are subsequently measured at fair value, with any changes recognised in the statement of financial activities, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised under the appropriate heading in the statement of financial activities in which the initial gain was recognised.
For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.
Any reversals of impairment are recognised immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as an expense in the period in which it arises.
4. Donations and legacies
| Unrestricted | Restricted | Total Funds | |
|---|---|---|---|
| Funds | Funds | 2024 | |
| £ | £ | £ | |
| Donations | |||
| Donations | – | 3,885 | 3,885 |
| Grants | |||
| Grants receivable | – | 151,078 | 151,078 |
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| – | 154,963 | 154,963 | |
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11
Notes to the Financial Statements (continued)
Furness Multi-Cultural Community Forum
Year ended 31 March 2024
4. Donations and legacies (continued)
| Unrestricted | Restricted | Total Funds | |||
|---|---|---|---|---|---|
| Funds | Funds | 2023 | |||
| £ | £ | £ | |||
| Donations | |||||
| Donations | 58 | 1,605 | 1,663 | ||
| Grants | |||||
| Grants receivable | – | 120,379 | 120,379 | ||
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| 58 | 121,984 | 122,042 | |||
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| 5. | Other trading activities | ||||
| Unrestricted | Restricted | Total Funds | |||
| Funds | Funds | 2024 | |||
| £ | £ | £ | |||
| Management Charges | 6,250 | 23 | 6,273 | ||
| Youth and Community | – | 12,151 | 12,151 | ||
| Other income | 1,175 | – | 1,175 | ||
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| 7,425 | 12,174 | 19,599 | |||
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| Unrestricted | Restricted | Total Funds | |||
| Funds | Funds | 2023 | |||
| £ | £ | £ | |||
| Management Charges | – | – | – | ||
| Youth and Community | – | 995 | 995 | ||
| Other income | – | – | – | ||
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| – | 995 | 995 | |||
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| 6. | Investment income | ||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
| Funds | 2024 | Funds | 2023 | ||
| £ | £ | £ | £ | ||
| Bank interest receivable | 259 | 259 | 141 | 141 | |
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12
Notes to the Financial Statements (continued)
Furness Multi-Cultural Community Forum
Year ended 31 March 2024
7. Expenditure on charitable activities by fund type
| Unrestricted | Restricted | Total Funds | |||
|---|---|---|---|---|---|
| Funds | Funds | 2024 | |||
| £ | £ | £ | |||
| Charitable Activities | 2,011 | 97,911 | 99,922 | ||
| Support costs | 600 | 2,865 | 3,465 | ||
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| 2,611 | 100,776 | 103,387 | |||
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| Unrestricted | Restricted | Total Funds | |||
| Funds | Funds | 2023 | |||
| £ | £ | £ | |||
| Charitable Activities | – | 93,432 | 93,432 | ||
| Support costs | – | 768 | 768 | ||
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| – | 94,200 | 94,200 | |||
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| 8. | Expenditure on charitable activities by activity type | ||||
| Activities | |||||
| undertaken | Total funds | Total fund | |||
| directly Support costs | 2024 | 2023 | |||
| £ | £ | £ | £ | ||
| Charitable Activities | 99,922 | – | 99,922 | 93,432 | |
| Governance costs | – | 3,465 | 3,465 | 768 | |
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| 99,922 | 3,465 | 103,387 | 94,200 | ||
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| 9. | Net income | ||||
| Net income is stated after charging/(crediting): | |||||
| 2024 | 2023 | ||||
| £ | £ | ||||
| Depreciation of tangible fixed assets | 1,791 | – | |||
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| 10. | Independent examination fees | ||||
| 2024 | 2023 | ||||
| £ | £ | ||||
| Fees payable to the independent examiner for: | |||||
| Independent examination of the financial statements | 396 |
768 |
13
Furness Multi-Cultural Community Forum
Notes to the Financial Statements (continued)
Year ended 31 March 2024
11. Staff costs
| The total staff costs and employee benefits for the reporting period are analysed as | The total staff costs and employee benefits for the reporting period are analysed as | follows: |
|---|---|---|
| 2024 | 2023 | |
| £ | £ | |
| Wages and salaries | 61,000 | 63,903 |
| Social security costs | 4,678 | – |
| Employer contributions to pension plans | 1,087 | 1,346 |
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| 66,765 | 65,249 | |
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The average head count of employees during the year was Nil (2023: 4).
No employee received employee benefits of more than £60,000 during the year (2023: Nil).
12. Trustee remuneration and expenses
No remuneration or other benefits from employment with the charity or a related entity were received by the trustees.
13. Tangible fixed assets
| Equipment | ||
|---|---|---|
| £ | ||
| Cost | ||
| At 1 April 2023 | 19,089 | |
| Additions | 1,791 | |
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| At 31 March 2024 | 20,880 | |
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| Depreciation | ||
| At 1 April 2023 | 19,089 | |
| Charge for the year | 1,791 | |
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| At 31 March 2024 | 20,880 | |
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| Carrying amount | ||
| At 31 March 2024 | – | |
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| At 31 March 2023 | – | |
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| Creditors: amounts falling due within one year | ||
| 2024 | 2023 | |
| £ | £ | |
| Trade creditors | 3,087 | – |
| Accruals and deferred income | 600 | – |
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| 3,687 | – | |
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14. Creditors: amounts falling due within one year
14
Furness Multi-Cultural Community Forum
Notes to the Financial Statements (continued)
Year ended 31 March 2024
15. Pensions and other post retirement benefits
Defined contribution plans
The amount recognised in income or expenditure as an expense in relation to defined contribution plans was £1,087 (2023: £1,346).
16. Analysis of charitable funds
Unrestricted funds
| Unrestricted funds | ||||||
|---|---|---|---|---|---|---|
| At | ||||||
| At | 31 March 202 | |||||
| 1 | April 2023 | Income | Expenditure | Transfers | 4 | |
| £ | £ | £ | £ | £ | ||
| Unrestricted funds | 14,088 | 7,684 | (2,611) | 8,504 | 27,665 | |
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| At | ||||||
| At | 31 March 202 | |||||
| 1 | April 2022 | Income | Expenditure | Transfers | 3 | |
| £ | £ | £ | £ | £ | ||
| Unrestricted funds | 4,148 | 199 | – | 9,741 | 14,088 | |
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15
Furness Multi-Cultural Community Forum
Notes to the Financial Statements (continued)
Year ended 31 March 2024
16. Analysis of charitable funds (continued)
Restricted funds
| Restricted funds | |||||
|---|---|---|---|---|---|
| At | |||||
| At | 31 | March 202 | |||
| 1 April 2023 | Income | Expenditure | Transfers | 4 | |
| £ | £ | £ | £ | £ | |
| Awards 4 All | – | 5,027 | (5,174) | 147 | – |
| Cumbria Community | |||||
| Foundation | – | 10,000 | (4,092) | (37) | 5,871 |
| Francis C Scott Trust | – | 26,682 | (14,256) | – | 12,426 |
| Hadfield Trust | – | 2,000 | (833) | – | 1,167 |
| Know Your | |||||
| Neighbourhood Fund | – | 17,542 | (17,542) | 2 | 2 |
| National Lottery | |||||
| Community Fund | 26,996 | 54,509 | (43,800) | (2,673) | 35,032 |
| Sir John Fisher | |||||
| Foundation | 5,569 | 5,823 | (5,508) | (709) | 5,175 |
| Unity | 308 | 592 | (830) | – | 70 |
| Westmorland & Furness | |||||
| Council | – | 44,600 | (5,874) | (1,865) | 36,861 |
| Youth and Community | 61,122 | 362 | (2,867) | (3,369) | 55,248 |
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| 93,995 | 167,137 | (100,776) | (8,504) | 151,852 | |
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| At | |||||
| At | 31 | March 202 | |||
| 1 April 2022 | Income | Expenditure | Transfers | 3 | |
| £ | £ | £ | £ | £ | |
| Awards 4 All | – | – | – | – | – |
| Cumbria Community | |||||
| Foundation | – | – | – | – | – |
| Francis C Scott Trust | – | – | – | – | – |
| Hadfield Trust | – | – | – | – | – |
| Know Your | |||||
| Neighbourhood Fund | – | – | – | – | – |
| National Lottery | |||||
| Community Fund | 21,127 | 54,776 | (44,123) | (4,784) | 26,996 |
| Sir John Fisher | |||||
| Foundation | 5,422 | 5,000 | (4,853) | – | 5,569 |
| Unity | 903 | – | (595) | – | 308 |
| Westmorland & Furness | |||||
| Council | – | – | – | – | – |
| Youth and Community | 47,505 | 63,203 | (44,629) | (4,957) | 61,122 |
|
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| 74,957 | 122,979 | (94,200) | (9,741) | 93,995 | |
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16
Notes to the Financial Statements (continued)
Furness Multi-Cultural Community Forum
Year ended 31 March 2024
17. Analysis of net assets between funds
| Unrestricted | Restricted | Total Funds | |
|---|---|---|---|
| Funds | Funds | 2024 | |
| £ | £ | £ | |
| Current assets | 31,352 | 151,852 | 183,204 |
| Creditors less than 1 year | (3,687) | – | (3,687) |
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|
|
|
| Net assets | 27,665 | 151,852 | 179,517 |
|
|
|
|
| Unrestricted | Restricted | Total Funds | |
| Funds | Funds | 2023 | |
| £ | £ | £ | |
| Current assets | 14,088 | 93,995 | 108,083 |
| Creditors less than 1 year | – | – | – |
|
|
|
|
| Net assets | 14,088 | 93,995 | 108,083 |
|
|
|
17
Furness Multi-Cultural Community Forum
Management Information
Year ended 31 March 2024
The following pages do not form part of the financial statements.
18
Furness Multi-Cultural Community Forum
Detailed Statement of Financial Activities
Year ended 31 March 2024
| 2024 | 2023 | |
|---|---|---|
| £ | £ | |
| Income and endowments | ||
| Donations and legacies | ||
| Donations | 3,885 | 1,663 |
| Grants receivable | 151,078 | 120,379 |
|
|
|
| 154,963 | 122,042 | |
|
|
|
| Other trading activities | ||
| Management Charges | 6,273 | – |
| Youth and Community | 12,151 | 995 |
| Other income | 1,175 | – |
|
|
|
| 19,599 | 995 | |
|
|
|
| Investment income | ||
| Bank interest receivable | 259 | 141 |
|
|
|
|
|
|
| Total income | 174,821 | 123,178 |
|
|
19
Furness Multi-Cultural Community Forum
Detailed Statement of Financial Activities (continued)
Year ended 31 March 2024
| 2024 | 2023 | |
|---|---|---|
| £ | £ | |
| Expenditure | ||
| Expenditure on charitable activities | ||
| Purchases | – | 2,824 |
| Wages and salaries | 61,000 | 63,903 |
| Employer's NIC | 4,678 | – |
| Pension costs | 1,087 | 1,346 |
| Rent | 6,631 | 6,028 |
| Light and heat | 1,454 | 2,822 |
| Repairs and maintenance | – | 7,186 |
| Insurance | 510 | 452 |
| Other motor/travel costs | 464 | – |
| Legal and professional fees | 1,674 | 768 |
| Telephone | 600 | – |
| Other office costs | 2,484 | 827 |
| Depreciation | 1,791 | – |
| Trips and Events | 3,537 | 2,158 |
| Youth Club Activities | 922 | 666 |
| Computer Costs and IT | 5,268 | 5,094 |
| Mens Groups | 922 | – |
| AS Support | 3,702 | – |
| KYN | 5,456 | – |
| Womens Group | 689 | – |
| Staff Training | 367 | 126 |
| Recruitment | 151 | – |
|
|
|
| 103,387 | 94,200 | |
|
|
|
|
|
|
| Total expenditure | 103,387 | 94,200 |
|
|
|
|
|
|
| Net income | 71,434 | 28,978 |
|
|
20
Furness Multi-Cultural Community Forum
Notes to the Detailed Statement of Financial Activities
Year ended 31 March 2024
| 2024 | 2023 | |
|---|---|---|
| £ | £ | |
| Expenditure on charitable activities | ||
| Charitable Activities | ||
| Activities undertaken directly | ||
| Purchases | – | 2,824 |
| Wages/salaries | 61,000 | 63,903 |
| Employer's NIC | 4,678 | – |
| Pension costs | 1,087 | 1,346 |
| Rent | 6,631 | 6,028 |
| Light & heat | 1,454 | 2,822 |
| Repairs & maintenance | – | 7,186 |
| Insurance | 510 | 452 |
| Travel costs | 464 | – |
| Telephone | 600 | – |
| Other office costs | 2,484 | 827 |
| Trips and Events | 3,537 | 2,158 |
| Youth Club Activities | 922 | 666 |
| IT Software | 5,268 | 5,094 |
| Mens Group | 922 | – |
| AS Support | 3,702 | – |
| KYN | 5,456 | – |
| Womens Group | 689 | – |
| Staff Training | 367 | 126 |
| Recruitment | 151 | – |
|
|
|
| 99,922 | 93,432 | |
|
|
|
| Governance costs | ||
| Governance costs - accountancy fees | 1,674 | 768 |
| Governance costs - depreciation | 1,791 | – |
|
|
|
| 3,465 | 768 | |
|
|
|
|
|
|
| Expenditure on charitable activities | 103,387 | 94,200 |
|
|
21