Company registrab'on number.. 5115880 Charity registrdtion number. 1106050 Find (Families in Need) Ltd FJND IA company limtled by share capital) Annual ReFrt KI Finncial Ststements lor the Year Ended 31 December 2021 ABAGZOYZ' 15108r2022 COMPANIES HOUSE AOS
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Find (Families in Need) Ltd known as FIND Contents Reference and Administsab"ve Details Trustees, Report 2103 Statement of Trustees. RestM)nsits'lities Independent Eyaminerfs Rep)rt 5t06 Statement of Financial Aclivities 7108 Balanc* Sheet 9t010 Notes to the Financial Statements 111018
Find (Families in Need) Ltd knovm as FIND Reference and Administrative Detsils Chairman O A Reynel Trustees D N Ausbn P C Burtcm. Treasurer AHCade A Carrington-Porter D A Reynel DPAlkn Principal office 42 Ctwuers R¢se Great 81akenham Ipswich Suffolk IP60LT The Ch is irrated in EnglaTrJ and Wales. Company Registratlon Number 5115880 Charity Reglstrat6on Number 11C6050 Independent Examiner Peter Du AIMS Accountants for Business Page 1
Find (Families In Need) Ltd known as FIND Trustees. Report The trustees. who are diredors for the purposes of company law, present the annual report together with the financial statements of the charitable company for the year ended 31 December 2021. ObJecl•ves and aclivlties Publlc benefft The Iruslees conffim that they have coMpld wilh the requirements of seCtn 17 of the Charities Act 2011 to have due regard to the public benefit guanCe published by the Charity Commission for England and Wales. Activitles undertaken to further public benefrt FIND exists to relieve Kx)vety in the area of the Borough of Ipswbch and a 35 mile radius thereof of persons who by reason of their individual family or economic orCumstanS or ty reason of illness. disability or handicap are in need. hardship or distress. by the proviston of Servi$. money and facilities and household items lin¢luding focwj. fvel, clothing, tcols, fvMItu, bedding, safety equipment, healing, cooking or washing applIanS arKI such other rtems as may be needed). FIND is blessed with the generosty of so many irKINiduals. businesses. clubs. churches and schools (to list bul a few) enabling us to provide a valty of much needed aid i.e.: tr$ and bedding. clothing, furniture, white gwds, school unrfofms, ga5 and electric. travel costs. ternpory accommodation. the list goes on. We must never give up on doing all we Can to provKle for those in need. we are at times their ¢)nly hope, passing by on the other side must NOT be an optitin. Never think that the lrttle you can do is not worth doing. buse it won't make a difference. believe me IT DOESI! To each and every FIND volunteer lof which there are many), to my SUPPOrrive Trustees, to Ihe Donors, Fundraisers, ProvKlers and those who encourage. also rny husband 'Thank you lor blessing me. Chairfs Report 2021. It is said that time passes very quic if one is busy. this was Certainty the case wilh regard to FIND in 2021 when no sooner had the year begun r( Seer to end. Two pandemic lockdowns were tough enough but 2021 was filled week after week wrth compltIOnS and more need, very litue tsme of respite, seeking ways of accesyng bulk forjj orders whth berame increasingty rnre difficult which meant time onsuming attempts to purchase smatter amounts of similar prcrfluets from multiple slore's rather tttan placing orders Y•ith 2 or 3. The one thing we were not short of was the generous monetary donal¥)ns of 100's of people of all ages, from children to adults, groups and indNiduals. These grfts enable FIND to purchase ambienl foods along with fresh veg and trui( meats, fish and dairy pr(KJucts. ensvnng the continUatn of prov¢ding the ever increasiThJ numbers of people in need wilh good focmj par. {Be¢ause of personal reasons in 2022 1 have not abEe to rAJllate the st* for 2021 as yet but plan to do so very S(). Page 2
Find (Families in Need) Ltd known as FIND Trustees. Report Provision of the usual Christmas Hampers and Gifts was. for a 3rd year not an easy task but with the support of RRT UK, 500 h'ampers aNived in b.me for us to distribute along wilh the 100 hampers made up by Scrutton Bland at their office base. Aong with hampers went our regular food parcels, grfl vouchers for both food and toy stores and a quantr.ty of grfl wrapped presents. Nothing happens without the blllliant teanmiork of close to 100 volunteers, amazing people who give so much of Ihemsefves lo enable FIND to care for those in need. All my volunteers are deserving of an award - what they get is my thanks. We wekomed 2 new Tnjstees. Nicola and Daren. arml it didn't take lon9 for them to find a nthe where their expertise (x)ukl be put to use. FIND ts blessed to be govemed by a team of gc*>J ¥tho all share the same aim - that of care for others. N¢)w in its 32nd year. FIND is needed more than ever and must e4)ntinue to give hope to those in despair. Maureen Reynei M.B.E. Founder. The annual report was approved by the trustees of the chaiity on 28 Juty 2022 and signed on its behalf M D A Reynel Chaim)an and Trustee Page 3
FirKI {Families in Needl Ltd known as FIND Statement of Trustees. Responsibilities The trustees {who are also the directors of Find IFamilies in Need) Ltd for the purFX)ses of company law) are responsible for preparing the trustees. report and the finanaal statements in accordance with the United Kingdom Accounling Standards (Unrted lfjngdom Generally Accepted Accounting Practicel and applicable law and regulations. Company law requires the trustees to prepare financial ststerrents for each ftnancial year. Under company law the trustees musl not approve the financial stslements unless they are satisfied that they give a true and fair view of the state of affrairs of the charitable company and of its incoming resources and appliCatn of resources. including its incKMne and expendilure. for Ihal peiiod. In preparing these financial ststements. the trustees are required to.. select suitable accounting lIeS and appty them nSiStenI. observe the methods and prinaples in the charitS SORP., make judgements and estimates that are reasonable and pnthnt., stale whether appluble UK Accounb"ng Standards have been followed, subject to any material departures disclosed and explauied in financKal statements: and prepare the financial stateffÉnls on the going Co*M basis unless it is inappropriaie to presume that the charitable CA)mpany will contsnue in jnesS. The tnjstees are resFonsibte for keeping adequate accounting recorts that are SUIlent to show and explain the charitable compan$ transactions and disek)se wth reasonable aceuracy at any time the financial txjsition of the tharitsb company and enable them lo ensure that the finanual ststements comply with the Companies Act 2C¥J6. They are also reSponbIe for safeguarding the assets of the charitable company and hence for lakn.ng reasonknle steps for preven11 and detection of fraud and other irregularittes. Approved by the trusiees of the ¢hanty on 28 Juty 2022 and wgned on its behalf by. M D A Reynel Chairman and Tmstee Page 4
Find (Families in Need) Ltd known as FIND Independent Examiner's Report to the trustees of Find (Familios in Need) Ltd I report to the charity trustees on my examination of the accounts of the charity for the year ended 31 December 2021 whKh are set on pages 7 to 18. Respectlve responslbllltles of trustws and examSner As the charity's trustees of Find (Families in Needl Ltd land also its directors for the purposes of company lawl you are responsible for the preparatKm of the accounts in accordance with the requirements of the Companies Act 20061'the 20( ACYI. Having satisfied myself that the accounts of Find (Famifies in Need) Ltd are not required to be audited under Part 16 of 2006 Act and are eligible for independent examination. I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 {'the 2011 Act'l. In carrying out my examination I have followed the Direclions gbven by the Charity Commission under seclton 14515}Ib) of the 2011 Act. Independent examineV8 Statement Since Find (Families in Need} Ltrts gross inco exr£eded £250.000 your examiner must be a member of a body listed in section 145 of the 2011 ACL l eonfimi that l am qualified to undertake the exaw•natic because l am a member of. whK is one of the listed bodies. I have completed my examinatron. I confirm ttllt no mattets have come to my attentK)n in cx)nneclion with the exarninab.on giving me cause to believe. 1. a¢¢ountr"ng records were noi kept in respect of Find (Familtes tn Need) Ltd as required by section 386 01 the 2006 Act. or 2. the accounts do not accord with rerdS." or 3. the accounts do not compty wrth the actounting requirements of section 396 of the 2006 Act other than any requireffent thal the accounts give a 'true and fair vievl which is Tr)t a matter considered as part of an independent examination., or 4. the a¢¢ounts have not been prepared in a¢eordanee wrth the methc*Js and prineiples of the ststemenl of Recommended Practice for accountsng and rewrting by chartties lapplicable to charities preparing their accounts in accordan with the Financial Repjrting Standard applicable in the UK and Republic of Ireland (FRS 10211. I have no concems and have come across no other rnatter5 in COnnectn with the examination to which attentson shoukJ be drawn in this report in order to enable a proper understanding of the accounts lo be reached. Page S
Find IFamilies in Need) Ltd known as FIND Independent Examinerfs Report to the trtteeS of Find IFamities in Need) Ltd Peter Duley . The AS)Ciation of Chartered Certified Acc(ntants AIMS Accountsnts for Business 28 Juty 2022 Pa9e 6
Find (Families in Need) Ltd krKbwn as FIND Statement of Financial Activities for the Year Ended 31 December 2021 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses) Totsl 2021 funds Income and Endowments from: Donations and legacies Investment income 173,188 123.347 296,535 22 Tolal income 173.210 123,347 296,S57 Expenditure on: Raising funds Charitable activilies {25,730) 68.783 {25,730) 130,717 61.934 Total expenditure 94.513 61,934 156,447 Net income 78.697 61,413 140,110 Net movement in fvnds 78,697 61,413 140,110 R¢con¢iliation of funds Total funds brought forward Total fvnds carrd fopward 475.062 286.757 348.170 Restricted funds 761,819 13 553,759 Unrestricled funds 901,929 Total 2020 Income and Endowments froffl: Donations and legacies Investment income 291.789 249 160.723 452.512 249 Totsl income 292.038 160.723 452.761 Expenditure on: Raising funds Charitabie activiknes {26.938} 51.615 {26,9381 91,511 39,8 Total expenditure 78,553 39.896 118,449 Nel income 213.485 120,827 334.312 Net movement in funds 213.485 120.827 334.312 Reconclliation olfvnds Total funds brought fofwafd 261.577 165.930 427.507 Page 7
Find (Families in Need) Ltd known as FIND Statement of Flnancial .4cllvities for the Year Ended 31 December 2021 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Lo&ses) Unrestricted Restrict•d funds Total 2020 Total funds carried foNMrd 13 475,062 286,757 761.819 All of the chanty's activrties derive from ¢3)ntinuing QFwakns durity tr* above t4YO riodS. The lunds breakdown for 2020 is shown in note 13. Page 8
Find (Families in Need) Ltd known as FIND (Registration number: 5115880) Balance Sheet as at 31 Decemb•r 2021 2021 2020 Fixed assets Tangible assets Current assets Deblors Cash at bank and in hand 311,237 343,589 10 11 1,841 599.156 1,774 434,817 61)0.997 10,305 436,591 Creditovs: Am(wnts lalling due within one year 12 18,361 Net current assets 590.692 418,230 Net assets 901.929 761,819 Funds of the charity: Reslricted income funds Restricted funds 348.170 286,757 Unrestrlcted income fvnds Unrestitted funds 553.759 475,062 Total funds 13 901,929 761,819 Page 9
Find (Families in Need) Ltd knowTh as FIND (Regfjstration number. 5115880) Balance Sheet as at 31 December 2021 For the finanoal year ending 31 2021 the charity Yras entitW to exemption from audit under section 477 of the Companies Act 2006 relating to small coryn. Dire¢tors' responsibilrties= The members have not required the charity io obtain an audrt of its accounts for the year in quests.on in cordance with tIOn 476,. and The directors acknowledge their respongbilib.es for mpty1ng the requirements of the Act with respect to aecountsng records and the preparation of accounts. These accounts have been prepared HI aecordanc with the provisions applicable to companies subject to the small eompans regime. The financial statements on pages 7 to 18 were approved by the trustees, and authored for issue on 28 July 2022 and signed on their behalf by: P C Burton Trustee Page 10
Find (Families in Need) Ltd known as FIND Notes to the Financial Statements for the Year Ended 31 December 2021 1 Chartty status The charity is limited by share PrtaI. ino)rporated in England aThl Ws. The address of its registered office .. 42 Chequers Rise Great Blakenham Ipswich Suffolk IP6 OLT These financial statements were authortsaj fDr issue by the tnJsts on 28 July 2022. 2 Accounting pollcles Summary of signillcant accounting policles and key accounting estimates The principal accountbng Folic$ applied in the preparatr>n of these financial statements are set out bel¢y. These Fdictes have teen conststentty appl*d to all the years presented. unless othepwise stated. Statement of ¢ompllan¢e The finanaal statements have prepared in accordan¢e A¢¢ountsng and Reporting by Charities.. Stsiement of Recommended Practtce applicable to ehaiilies preparing their acts)unts in aC0)rdan with the Financial Reporting Stsndard applicabk in the UK and Republic of IreLand IFRS 1021 (effective I January 20151- (Charities SORP IFRS 10211. the Financpl Reporting Stsndard applicable in the UK and Republic of Ireland IFRS 102). They also comply with the Companies Act 2006 and Charilies Act 2011. Basis of prepardtion Find IFamilies in Need) Ltd meets the definity.on of a publi¢ benefit ent.ty under FRS 102. Assets and liabilities are initsalty recogntsed at trystorK21 cost or transacts'on value unless otheThvise slated in the relevant accounts.ng policy notes. Going concem The trustees conyder that there are no matefial urertaIntles atrf)ut the ¢Iri$ ats'lty to conbnue as a going concem nor any significant areas of uncertainty Ihat affecl the carrying value of assets held by the charity. Exempllon from pveparing a ush ststement The charity opted to early adopt Bultetin 1 published on 2 Febnry 2016 and have therefore not included a cash flow ststement in these financial statements. Pe 11
Find (Families in Need) Ltd known as FIND Notss to the Financial Ststements for the Year Ended 31 December 2021 In¢ome and endoymients All ineome is recognised once the charity has entbtsment to Ihe incorne. li is probab that the income will be received and the amount of the receivab can be nW&ured reliably. Donations and legacies Donations a recognised when the chanty has been notified in wrbting of t()th the amount and settlement dale. In the evenl Ihat a donation is subject to rJ)ndity"ons that require a e1 of perlomiance by the charity before the charity is entitled to the funds. the income Ls deferred and not recognised unb"l either Ih05e conditions are fully met. or the ftjlfilment of Ihose eA)ndilions is wholty wilhin the control of the chanty and il is probable that these condtti.ons will be lulfilW in the reporting periLXI. Expenditure All expenditure is re¢o9nised once there is a legal or ¢onstruetp4e 0allOn to Ihat expendlture. It is probable setuement is required and the amount can be rneasLt reliably. All costs We allocated to the applicable expenditure heading that aggregate silar costs to that category. Where costs cannot be direclty attributed to particular headings they have been alt(raled on a basis consistent with the use of resour$. wth central staff costs alted on the basis of ts.me spent, and depCiatIon charges allocated on the portion of the assevs use. Other support costs are allocated based on the spread of staff costs. RaiTsing fiinds These are costs in¢ured in attrading ¥dunlary income. the management of investrnents and those incurred in trading actbVitEs that ratse furKIs. Charitable activltles Charitable expendrture Comprises those ¢osts in0jr by the charity in the delivery of ¢ts xtivities and services for its beneficiafies. It includes costs that can be alkncate(I e¢ty lo suth activibes and those cosls of an indirect nature ne$sary to support them. Support costs Support costs indude central funth.ons ar have been allc¢ated to acbwty o)st categories on a basis consistent with the use of resources. for exampEe. allting property costs by floor areas, or per capita, stsff ¢osts by ihe ts" spent and other costs by their usage. Governance costs These include the costs attributable to the Charis compliance with c4)nstr(ulional and stalulory requirements. including audiL strategic managnt and trustees. meetings and reimbursed expenses. Page 12
Find (Families in Need) Ltd known as FIND Notes lo the Financial Ststements for tho Year Ended 31 December 2021 Taxatlon The charity is considered to pass the tests set K) Paragrnph 1 Schedvk 6 of the Finance Act 2010 and therefore rt meets the definition of a charitsble company for UK corporation tax purposes. Accordingly, the charity is potentialty exempt from taxatn in respect of income or capital gains Teceived within categories covered by Chapter 3 Part 11 of the Corporalion Tax Act 2010 or SeclHJn 256 of the Taxation of Chargeable Gains Acl 1992. to the extent that wch income or gains are applied exclusively to Charitable purposes. Tangible fixed assets IndNidual fixed assets costing £500.t)O or more are initialty re)rded at cost. Deprecialion and amorti&ition Depreciation bs provided on tsngible fixe(l assets so as to wnte off the cost or Vaatn, less any estsmated residual value, over their expected usefijl economic life as foU(yws: Asset class Leasehold propefty Motor vehicles Oepreciation method and rate 6.67°h per annum straight line basis 25% per annum reduciNJ balance basis 3 years straight line Fumiiure and equipment Cash and cash equivalents Cash and cash equivalents comprise cash i)n hand and call deposits. and olher short-temi highly liquid investments that are readity cDn¥ertÈble to a amount of cash and are subject lo an insn[ficant risk of change in value. Fund slructuro Unrestricted income furtds are general funds that are available for use at trustees, discretion in furtheran of the objectNes of the charity. Designated fijnds are unrestricted funds set aside for specific purtrt)ses at the discretson of th8 trustees. Restricted income funds are those rtinated for use in a pathjkr area or for specific purposes. the use of whth ts restricted to that area or purpose. P4e 13
Find IFamilies in Need) Ltd known as FIND Notes to the Financial Statements for Ihe Year Ended 31 December 2021 3 Income from donatlons and legacles tunds Restricted nds Total 2021 Total 2020 General Donations and legac*s' Donations from indivKluals 173.188 123,347 296.535 452.512 173.188 123.347 296.535 452,512 4 Inveslment Income nds Total 2021 Total 2020 Designated Interest receivable and similar income". Interest receivable on bank dewsits 22 22 249 5 Exp¢nditurg on raising fitnds al Costs of trading activities Total 2021 Total 2020 Genernl Depreciatth. amorbsation and other smikr costs 25.730 25.730 26,938 25.730 25,730 26.938 Page 14
Find (Families in Need) Ltd knovm as FIND Notes to the Financial Stat•ments for the Year Ended 31 December 2021 6 Expendlthre on charttable xtlvllle6 Unrestridod lunds Restrfcted funds Total 2021 Total 2020 Gwwral Rough sleepers Food bank Payments in relief of povety Govemance costs 5,616 ,318 5.616 56.318 3,545 36.351 67.CM% 1.777 67,IXIS 1.777 49,808 1,807 68,783 61.934 130.717 91,511 7 Anatysls of gov¢mance and support costs Governance costs fund6 Total 2021 Total 2020 Alloeated support costs 1.777 1,807 1.777 1.777 1.807 P4e 15
Find (Families in Need) Ltd known as FIND Notes to the Financial Statements for the Year Ended 31 December 2021 8 Taxatlon The charity is a registered charity and is theretse exempt from taxati. 9 Tangible fixed assets Furniture and equlpment Land and building8 otor vehicles Total Cost At 1 January 2021 Addrtions 371.398 6.814 3.990 192 4.522 379,910 6.622 At 31 December 2021 364.584 4.182 4.522 373,288 Depreciation Al 1 January 2021 Charge for the year 33,013 23,7C 1.330 1.394 1.978 636 36,321 25.730 At 31 December 2021 56.713 2,724 2,614 62,051 Net book value At 31 December 2021 307,871 1.458 1.908 311,237 At 31 December 2020 338,385 2,660 343,589 Included within the net k value of land and buiklings above is £Nil12020 - £Nil) in resFe¢t of freehold land and buildings and £307.871 12020- £338.385) in respect of leasehokls. 10 Debtors 2021 2020 Prepayments 1.841 1.774 11 Cash and ush equivalents Page 16
Find (Families in Need) Ltd known as FIND Notes to the Financial Ststements for the Year Ended 31 December 2021 2021 2020 Cash on hand Cash at bank Short-term deposits 753 352.4C6 245,997 470 250.371 183,976 599,156 434,817 12 CreditorJ: amounts falling due within one year 2021 2020 Other creditors Accruals 10.306 18,362 18,361 10,305 Page 17
Find (Families in Need) Ltd known as FIND Notes to the Financial Ststements for the Year Ended 31 December 2021 13 Funds ' Balance at Resources 31 December expended 2021 Balance at 1 January 2021 Incomlng resources Unrestrlcted funds General 350,411 173.188 (94.513) 429.086 Designated 124,651 22 124.673 Total unrestricted funds 475.062 173.210 {94.513} 61.934 553.759 Restricted funds 286.757 123.347 348.170 Total funds 761.819 296.557 156,447 901,929 Balance al 31 December 2020 Balance at 1 January 2020 Incomlng Resources expended Unrestricted funds Gener21 137.175 291,789 (78.553) 350,411 Desi9nated Tolal unrestrlcted funds 124.402 249 124,651 261.577 292,038 (78.553) 39,896 475,062 Restricted funds 165.930 286,757 Total funds 427,S07 4S2.761 118,449) 761,819 Page 18