C(npanY registration number. 5115880 Charity registration number. 1106050 Find (Families in Need) Ltd known as FIND (A company limited by sh¥e capital) Annual Report and FinarKial Statements for the Year Ended 31 December 2023 •AD316JC94 1310512024 COMPANIES HOUSE
Find (Families in Need) Ltd known as FIND Contents Reference and Administrative Detals Trustees. Report 2to3 Statement of Trustees, Resp)nsibilities IrKlependenl Examinerfs Rep 5t06 SLernet of Finaal Aclivibes 7t08 Balan Sheet 91010 Notes lo the Finaal Statements 11to18
Find (Families in Need) Ltd known as FIND Referen¢e and Adminlstrative Details Chairman MDARwel Trusteos D N Austin P C Burton. Treasurer AHCade A carringt0POrter M D A Reynel J M Button G Watson Principal Olfice 42 Chequers Rise Great Blakenham Ipswth Suffolk IP6 OLT The charity i% in(x)Ikmled in Erotand and Wales. Company RegiBtration Num1 5115880 Charity RegIstratI¢ Numb•r 11(W50 Independent Examiner Peler Duley AIMS Acc(KJntsnts fcff Busir Page 1
Find (Families in Need) Ltd known as FIND Trustees. Report The Iruslees, who are directors lor the purposes of rnPany law. present the annual report together with the ffinancial statements of the charilable company for the ar ended 31 December 2023. Objectives and activities Publi¢ benefft The trustees confirm that they have CoMled with the requirements of secbon 17 of the Charities Act 2011 to have due regard to the pUl1C benefft gUIdae published by the Charity Commission for England and Wale5. Activities undertaken to lurther publi¢ benefft FINO exists to relieve poverty bn the area of the Borough of Ipswich and a 35 rn1 radius thereof of persons who by reason of their individual famity or eeon¢xnic circumstances or by reason of illness. di58bility or hamlicap a in need. hardship or distress. by the provish)n of services. money and facilities and household items (intllIng fcKJd. fuel. clothirKJ. t)1$, fumiture. bedding. safety equipment. heatsng. cooking or washing aplanCeS and such other rtems as may be needed). FINO is blessed wth the generosty of so many indmduals. bugnesses. dubs. thurches and schLK)Is (to list but a few) enatAing us to provKle a variety of much needed aKI i.e.: be(Is an¢J beddFng. ck*hing. fumilure. white goods. school unifofms, gas and eleclri¢, Iravel $ts. temporary accommodation. the list goes on. We must never gwe up on doing an we can lo provide for those in need. we are at trmes thelr only hope. passing by on the other side must NOT be an oplion. Never think that the litde you can do is not worth dtyng, because it won't make a differen. tieYe me IT DOES!! To each and every FIND volunteer lof which there a mary), to my SUPFM)rtNe Twstees. to Ihe Donors, FurKlraisers. Provide and thos8 who encA)urage. "Thank y. for bng me. Chai¢s Report 2023 A Year of many Challenges FIND eontinued lo do what it does, that of cariTrJ arffl providing for those in need. though the chalenges seem greater. The foodbank is sadty much needed wth the number of referrals and mouths to feed not lessening. Page 2
FlrKI (FamiliEs in Need) Ltd Wel ¢w 1QOLYI wwp FWD 12-fEKrflp& I IM4 asto as a firhj a sokÉtwJn aTwJ s)n1 conlxiued. tksprte the facl tst FIND wiltsjrt a for of I m8Fwd thrgh l affi ttrAnkfvU thai Ih8 dlitY is so the kThJ. tvne WirwJ ¥01e[S eling FIND to Valuable Spo to FIND. to msJ* dor4trA)s that Maureen Rey V&E ch8(rm and Tnjstee
Fmd (Fami5 in Need) Ltd as RND The Inle8S Iwho we 80 th¢ dir•s rl F1 (FarnT >rth? pwp)S6s of company law) appk(abk law wvj e a vuè ol tr¢0 sialE d aff4¥s the rJwhat48 aThl d ils inccffj1j reswr finanual of the thardatrAe 8rnJ er¢bTe them tr) etw financial statements Pay4
Find (Families in Need) Lld known a$ FIND Independent Examinerfs Report to the trustees of Find (Families in Need) Ltd I report to the charity trustees on my examination of the ac0nts of Ihe tharity for the year ended 31 December 2023 which are sel wt on pages 7 to 18. Respe¢tive rèsponsibiliti•s of Irust•es and examiner As the charity's trustees of Find (Families in Need) Ltd {arKI atso rts direct<>rs for the purposes of company law) you are responsible for the preparati(¥n crf the accounts in accordance the requirements of the Companies Act 2fy)6 (Yhe 20c6 kr). Having satisfied mysdf that the accounts of Find (Famil$ in Need) Ltd are not required to be audiled under Part 16 of the 2006 Act a1 are eFigit4e for irKtependent examination. I report in respect of my examination of your charTty's accounts as carr*d out uTrJer section 145 of the Charities Act 2011 {'the 2011 Act'l. In Can.ng out my examinth.on I have followed Ihe Directions given by the Charity Commission under section 14515Xb} of the 2011 ACL Independent examln•Vs statement Sir¢ce FirKI (Families in Needl Lld's gross income exceeded Q50.000 Jour examin8r must be a member of a body listed in section 145 of the 2011 Act. l u)nfirm that l am qual[rd lo undertake the examination b8cause l am a member ofACCA. which is one of the listed m)d$. I have completed my examination. l u)nfffm Ihal no matters have come to ffly attentw)n in cCnection v the examination giving me cause to believe.. 1. accountirvJ records were not kepl in respert of Firxl {Famili6s w) Needl Lttl as required by sedion 386 of the 2006 Act: LY 2. the accounts do not awd those records". or 3. the accounts do not comply wth the acccwntirvJ requirements of sechon 396 of the 2006 Act other than any requirement that the accounts give a Irue and fair viev/ which not a matter considered as part of an independent examination. or 4. the accounts have not been prepared in accordance ¥th the methojs and princiFde5 of the Statement of ReCmended Practice for accounb.ng and reporting by charities lapplicable to charities preparing thr accL)unts in acc4ydance wilh the FinanGr45 Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)]. I hav9 no concerns and have come across no other matters in nnectIon wth the examinats.on lo which attention should be drawn in this report in order to enabEe a proper understanding of the accounts lo bè reached. Page 5
Find (Families in Need) Ltd known as FIND Independent Examinerfs Report to the trustees of Find (Families in Need) Ltd Peter Duley AIMS AOUntants for Busness ACCA 25 April 2024 P*Je 6
Find (Families in Need) Lld known as FIND Statement of Financial Activities for the Year Ended 31 December 2023 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses) Unrestricted Restricted filnds funds Total 2023 Income and Endowments from: Donations and gaCleS Investment incorne I74.13 20.69S 102.988 277.051 20,695 Total income 194.758 102.988 297.746 Expondlture on: Raising funds CharitatrA8 activities (35.472} 39.261 135.4721 129,352 90.091 Total expenditure 4.733 90.091 164,824 Net income 120.025 12.897 132,922 Net movement in furHJ5 120.025 12,897 132.922 Reconciliation of funds Totsl funds brought fon¥ard Total fuThls carried forward 626.694 393.798 1,020.492 13 746.719 406.695 Unrestricted Restrict•d funds funds 1,153.414 Total 2022 Incom• and EndovAn•nts from: Donations arKI legacies Investment income 181.873 7.584 129.377 311,250 7,584 Totsl income 189.457 129.377 318,834 Expenditure on-. Raising fijnds Charitable activities {39,904) 76.618 (39.904) 160.367 83.749 Total expenditure 116.522 83.749) 200.271 Net incomo 72,935 45,628 118,563 Net movement in funds 72,935 45,628 118.563 Roconciliation of funds Total fvnds brought lorward 553,759 348.170 1.929 Page 7
Flnd (Famffilies in Need) Ltd known as FIND Statement of Financial Activities for the Year Ended 31 December 2023 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses) Unrestricted Restricted funds funds Total 2022 Note Total funds carried forward 13 626.694 393.798 1.020,492 JI of the charivs actIveS derive from continuing operati(xts thring the aVe peri1$. The funds breakdown for 2022 is Shown Trjte 13. P8
Find (Families in Need) Ltd known as FIND (Registration number: 5115880) Balance Sheet as at 31 December 2023 2023 2022 Fixed assets Tangible assets 291.464 326.108 Current assets Oeblors Cash * bank arnl in hand 10 11 2.196 869,524 2.374 703,903 871.720 706.277 CreditOTS: Amounts falllng due within om year 12 9,770 11,893 Net current assets 861,9 694,384 Net assets 1.153.414 1.020,492 Funds of the ¢harlty'. Re5trlcted income funds Restricted funds 406.695 393.798 Unreslrfcted IoMe funds Unrestricted funds 746.719 626,694 Total funds 13 1.153.414 1.020.492 Page 9
Find (Families in Need) Ltd known as FINO (Registration nunber. 5115880) 8alaD¢e Sheet as ai 31 December2023 AP 2024 ar¥J *yned on brty. Tnjstee P•Je 10
Find (Families in Need) Ltd known as FIND Notes to the Financial Statements for the Year Ended 31 December 2023 I Charlty sta$ The charity is limited by share eapitsl, in(y)rpcnled in Enand a)d Wales. The address of ils registered office is.. 42 Chequers Rise Great Blakenham Ipswich Suffolk IP6 OLT These finarrial statements were aUltlsed for issue by th2 tntstees on 25 April 2024. 2 A¢¢ounting policies Summary of significant accounting pokies and key accounting •stimate5 The princip81 accounting poIleS applred in the weparation of these financial slalements arg set out below. These policies havg been consistenlly applied to al the ar5 presented. unless OtrWi$e staled. Statement of compliance The finanual statements have been prepared in aceiydance W1h Acc¥wnting antl Reporting by Charities.. Ststement of Recommended Pwtice appIlble to chariknes FwariThJ their accounts in accordance wth the Financial Reporting Standard applicatAe in the UK arKI Republic of Ireland IFRS 1021 (effective 1 January 2015) - {Charities SORP {FRS 10211, the Financial Reporting Slandard applicable in the UK and Republie of Ireland IFRS 1021. They also COmY wiu) tr Companies Act 20L% and Charities Act 2011. 8asls of preparation Find IFamilies in Need) Ltd meets the definitKJn of a public beneffit entity under FRS 102. Assets and liabilities are initially rectrjnised al historical cost or transaction value unless otheNse stated in the relevant attounling policy notes. Going concern The trustees consider that there are no material uncertaints alxlut the challS abilty to continue as a going concern rr any significant areas of uncwlainty that affect Ihe carrying value of assets held by the charity. Exemptlon from preparfng a cash Ilow statement The charity opted to earty adcpt Bulletin 1 published (m 2 Fetary 2016 and have therefore not included a cash flow statement in these financial statements. Page11
Flnd {Famllles in Need) Lld known as FIND Notes lo the Financial Ststements for the Year Ended 31 December 2023 Income and endowments AJI income is recognised once the charty has entthment to the InMe. rt Os probable that the income wlll be receiv&J and the amount of the income receivable can be measured reliably. Donations and legxies Donations are recogntsed when the charity has been Th)tified in wribro of th the amount and setUem8nt date. In the event thal a donation ts subjetl to condthns that requio a e1 of performance by the d)arity before the Charity 15 entided to the funds. the income is deferred and not recognised until either those conditions are fulty met, or the lulfilment of those condrtions is wholty within the ¢ontr(A of the charity and il is probable that these conditions will be f¥Jffilled in the reporting period. Expenditure All expenditure is recognised once there is a legal or CstrUC11ve ON¥Jati to that expenditure. it is probable sethement is required and the amount ean be measured reliably. All eosls are allocated to the applicable expendilure heading that aggregate similar costs to that category. Where costs cannot be directly attritrrtjted lo particular headings they have been alIcted on a basis consistent with the use ol resources. with ntral staff cosls allated on the basts of time spent. and depreciation charges allocated on the portion of the asset's use. Olher support costs are alb)cated based on th8 spread of stsff costs. Ralsin9 funds These are costs incurred n atlracling vcAuntsry income, the management of investsnents and those incurred in trading acbvilies that raise fwKIs. Charitable a¢tivili•s Charitable expenditure cofflprises those costs incurred by the tharity in the delivery of its activities and services for its beneficiaries. It indudes both costs that can be allocated directly to such activit$ and those costs of an ind1¢t nabjre necessary to supphjrt them. Support ¢o$t$ Support costs indude central fvnctions and have been alocated lo aclivty cosl categorw on a basis consistent the use of resources. for eXarne. allocating property Costs by fl(K)r areas. or per capila. staff costs by the lime spent arKI other costs by their usage. Gov•mance costs These indvde the costs attributaie to the charitys Complian wrlh constitutional and statutory requirements. induding authL strategic management aThJ InJslees' meelw)gs and reimbursed expenses. Pa99 12
Find (Families in Need) Ltd known as FIND Notes to the Financial Ststements for the Year Ended 31 December 2023 Taxatlon The ehanty 15 consJered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definitmy) of a charitsble company for UK rPOratn tax purposes. Accordingly. the charty is potentialty exempt from taxation in respect of income or pital gains received within categories covered by Chapter 3 Part 11 of the Corporat¥Jn Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains 1992. to the extent that sh income or gains are applied exclusivety lo charitable purposes. Tangible fixed assets IndIvU81 fixed assets CJ)sting £5(Kl.rJ) or mce are wiibalty recrmded al CML Deprecialion and amortisation Depreciation is provided on tangible fixed assets so as to WTite off the ei>st or valuat)n. less any estimated redUal vdue, over their exFcted useful enoMiC lrfe as frAIows: Ass¢t class Lea$ehd pr¢werty Depreciatlon method and rale 6.67% pw annum straKJht line basis 25% per annum redwng balan basis 3 strdight line Motor vehicles Fumiture and equipment Cash and cash equivalents Cash and cash equivalents comprise cash on hand and ral deposits. and other short-term hwJhly liquJ investments that are adIlY convertible to a known amount of cash and are subject to an insignificant risk of change in value. Fund slru¢ture Unrestricled income funds are general fuThJs Ihal are availat4e for use at the truslees, discreDon in furtherance of the objeclives of the charity. Designaled funds a unrestricted funds set aswge for speak wrKM)ses at the discretion of the trustees. Restricted income funds are those donated for use in a part¥xJlar area or for speiific wrpos8s, the use of which ts restricted to that area or purpose. 13
Find (Families in Need) Ltd known as FIND Notes to the Financial Statements for the Year Ended 31 December 2023 . 3 Income from donations and l•gaci•s funds Restrlcted funds Total 2023 Total 2022 General Oonations and legacie5', Oonalions from iThJividuals 174.C63 102.988 277,051 277.051 311,250 174.063 102.988 311,250 4 Inveslment Iorne Unrestricted funds Total 2023 Total 2022 Designat•d Interest receivalAe arKI similar income.. Interest re1vable on bank deFosits 20.695 20.695 7.584 5 Exponditure on ralsing fvnds al Costs of trading activities Unrgstrict•d fvnds Total 2022 Geral 2023 Deprecialion, amorbsation and other similar costs 35,472 35.472 39,904 39,904 35.472 35.472 Page 14
Find (Families In Need) Ltd known as FIND Notss to the Financial Statements for the Year Ended 31 December 2023 6 Expondlre on ¢harltabh a¢tlvlllos funds Restrlcted fvnds Total 2023 Total 2022 General Nole Rough sleepers Food bank Payrnenls in relf of povety Governan costs 16.983 73.108 16,983 73.108 13.553 70.196 37.474 1.787 37.474 1,787 129.352 75,049 1,569 160,367 39.261 .091 7 knalysis of gov•rnanc• and support costs Governance costs Unrestricted fund5 Total 2023 Total 2022 Genernl Allocated support costs 1.787 1.787 1.569 1,787 1.787 1.569 Page 15
Find (Families in Need) Ltd known as FIND Notes to the Flnanclal Ststements for the Year Ended 31 December 2023 8 Taxation The charity is a regislered charity and is therefore exempt from Lall0. 9 Tanglble ffixed assets Furnltur• and equipmeDI Land and bulldlngs IAotor vehlcles Total Cost At 1 January 2023 Additiorks 4,592 828 56.273 425.449 828 At 31 December 2023 5,420 56.273 426,277 Depreciation At 1 January 2023 Charge for the year 81.019 24,306 4.254 614 14,068 10.552 99.341 35.472 At 31 December 2023 105,325 4.868 24,620 134,813 Net book value Al 31 December 2023 259.259 552 31,653 291.464 At 31 December2022 283.565 42,205 326.108 Included within the net book value of land and buildings above is £Nil12022 - £NII in respect of freghold land and buildings and £259.25912022 - £283.565) in respect of leaseholds. 10 Debto 2023 2022 PrgpayThents 2.196 2,374 11 Cash and cash equlvalents Page 16
Find (Families in Need) Ltd known as FIND Notes to the Financial Slatements for the Year Ended 31 December 2023 2023 2022 Cash on hand Cash at bank Short-lem deposits 589 225.751 643.184 937 442.477 260,489 869.524 703,903 12 Creditors: amounts falling due within one yr 2023 2022 Accruals 9,770 11.893 Page 17
Find (Families in Needl Ltd known as FIND Notes to the Financial Statements for Ihe Year Ended 31 December 2023 13 Funds Balance at Balan¢e at 1 Incoming R•TC•S 31 Docembor January 2023 resources expended 2023 Unrestricted fvnds General 626,694 174,063 174.733) 726,024 Designated 20,695 20,695 Total unrn$tricted funds 626.694 194.758 (74.733) 90.091 746.719 Restrithd fvnds 393.798 406,695 Total funds 1,020,492 164,824 297,746 1,153.414 Balan at 31 Decem1 2022 8alan¢è at 1 January 2022 Incoming resource$ Resources expended Unreslrf¢led funds General 553.759 181.873 {116.522) 619.110 Designated 7.584 Total unrestricted funds 553.759 189.457 1116.5221 83.749 626.694 Restrl¢ted funds 348,170 129.377 393.798 Total funds 1.929 318,834 200,271 1,020,492 Page 18