2021-03-31-accounts

Charity number: 1106520

FAKENHAM FOCUS

UNAUDITED

TRUSTEES' REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

FAKENHAM FOCUS

CONTENTS

	Page
Reference and administrative details of the charity, its Trustees and advisers	1
Trustees' report	2 - 4
Independent examiner's report	5
Statement of financial activities	6
Balance sheet	7
Notes to the financial statements	8 - 16

FAKENHAM FOCUS

REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2021

Trustees	Mike Coates, Chair
	Martyn Benstead, Treasurer
	Howard Young
	Amanda Nudds
	Ian Wood
Charity registered number 1106520 Principal office 10 Oak Street Fakenham Norfolk NR21 9DY Independent Examiner Larking Gowen LLP Chartered Accountants Summerhill House 1 Sculthorpe Road Fakenham NR21 9HA

Page 1

FAKENHAM FOCUS

TRUSTEES' REPORT FOR THE YEAR ENDED 31 MARCH 2021

The Trustees present their annual report together with the financial statements of the charity for the 1 April 2020 to 31 March 2021.

Objectives and activities

a. Policies and objectives

The objective of the charity is to assist people living in and around Fakenham who are in need or disadvantaged in some way. This is achieved through support, the provision of information and advice from specialist organisations. Also to assist with education and training as determined by user needs.

In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2)'. A summary of the achievements and performance in the year is detailed below.

b. Main activities undertaken to further the charity's purposes for the public benefit

Our premises are open to the public Monday to Wednesday (am) and Thursdays (am and pm). Special care is taken over the provision of access and facilities for disabled people.

We offer a drop-in facility with refreshments and opportunities for social engagement. Internet access is provided without charge.

Access to relevant statutory and voluntary organisations is regularly arranged in support of individuals, groups and families.

Two employed co-ordinators organise day-to-day provision of the services and they have the support of volunteers on a regular basis. The programme of activities can be and is varied and is driven by user needs, with a Management Committee overview.

Achievements and performance

a. Review of activities

The Community Fridge project has continued to grow and flourish over the past year, we have seen an increase in the volume of food received and the variety between both supermarket and more local food donations.

We invested in providing a full First Aid at Work course for both volunteers/members of First Focus and members of the public who required the qualification, this proved to be beneficial and the class provided was quickly filled. We hope to provide more opportunities for training like this in the future.

Continued funding from the National Lottery has allowed us to hire a new Activities Coordinator who has already proved to be an excellent addition to the team with new ideas for arts and crafts for the members of First Focus. This funding has also enabled us to continue offering support for members of the public with various needs, mental health support/signposting/counselling including 1-1 with Clarissa Belson, filling out forms they may not understand and helping people get general social interaction to work towards reducing loneliness within isolated people and communities.

Page 2

FAKENHAM FOCUS

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021

Achievements and performance (continued)

b. Investment policy and performance

The attached accounts demonstrate in financial terms the activities of the charity for the past year. As can be seen the Charity has a deficit for the year ended £16,884. This compares to a surplus in the previous year of £14,087.

The trustees are grateful to members and volunteers who have donated valuable contributions both in terms of time and money whilst future funding is secured.

The reserves policy is decided upon by the trustees, with input from the Financial Sub-Committee. Reserves are held as unrestricted funds to meet both planned expenditure when it falls due and to cover contingencies. The free reserves at the year end being unrestricted funds not invested in fixed assets totalled £37,440 (2020: £42,046).

Reserves held in bank accounts, such as deposits are interest-bearing when possible.

Cash reserves are £39,031 (2020: £49,380).

The charity has undertaken a detailed review of the various risks faced by it and has taken steps to mitigate these risks where possible.

Financial review

a. Going concern

The Trustees have considered the charity's position at the time of signing the financial statements.

The 2020/21 financial year was impacted by the Covid-19 pandemic, although the charity continued to receive Lotto grant income until October 2020, providing a secure source of income for part of the year. The day centre was forced to close during the lock down, but we supported people by other means, and the community fridge was able to stay open and was adjusted to follow Government guidelines.

Following the cessation of the Lotto grant in October 2020, the charity is no longer in receipt of its main source of funding and the trustees are currently looking to secure new funding streams. If the charity is unable to secure new sources of income the trustees will need to make significant changes to the charity’s operations in order to reduce costs.

Despite the uncertainty of the future funding for the charity, due to the operational options open to the trustees, and the levels of reserves held, the trustees have concluded that they have a reasonable expectation that the charity will have adequate resources to continue in operational existence for the foreseeable future, and at least twelve months from the date of signing these financial statements. They therefore continue to adopt the going concern basis of accounting in preparing these financial statements

Structure, governance and management

a. Constitution

Fakenham Focus, also known as First Focus, is a registered charity, number 1106520, and is governed by its constitution.

Page 3

FAKENHAM FOCUS TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2021 Structurej governance and management {contlnued) b. Methods of appointment or election of Truslees Trustees are 8pwinled by existing twslees a lead given by Offi￿ hdders of the Management Team. Statement of Trustees. responsibilities The Trustees are responsible for preparing the Trustees. report and the finanual statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The law applicable to charities in Ens4and & Wales requires the Trustees to prepare finanaal statements for each financial which give a true and fair view of the state of affairs of the charity and of ils incoming resources and application of resources, including its in(xJme and expenditure. for that period. In preparing these financial statements, the Trustees are required to= select suitable accounting poliryes and then appty thern Consisten￿Y' observe the methods and principles of the Charities SORP IFRS 1021- make judgments and accounting estimates that are reasonable and prudent- slate ￿ether applicable UK Accounting Stsndards IFRS 1021 have been followed. subj-ect to any material departures disclosed and explained in the finanryal statements: prepare the financial statements on the g(Mng concem ba￿S unless it is inappropriate to presume that the charity wll continue in business. The Trustees are responsible for keeping adequate accounting re¢(￿￿S that are sufficient to show and explain the charity's Iransactions and disclose vJith reasonable accuracy at any time the finan￿al p0511ion of the charity and enable them lo ensure that the financial statements comply wth the Charities Act 2011. the Charity (Accounts and Reports) Regulations 2008 and the provison5 of the Trust deed. They are also responsible for safeguarding the assets of Ihe charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Approved by order of the mernbers of the board of Tnjstees and sgned on their behalf by.. Mike Coates, Chair (Chair of Trustees) Date.. 21 Page 4

FAKENHAM FOCUS

INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 MARCH 2021

Independent examiner's report to the Trustees of Fakenham Focus ('the charity')

I report to the charity Trustees on my examination of the accounts of the charity for the year ended 31 March 2021.

Responsibilities and basis of report

As the Trustees of the charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the 2011 Act').

I report in respect of my examination of the charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

Your attention is drawn to the fact that the charity has prepared the accounts in accordance with Accounting and Reporting by Charities: 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) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has been withdrawn.

I understand that this has been done in order for the accounts to provide a true and fair view in accordance with the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

1. accounting records were not kept in respect of the charity as required by section 130 of the 2011 Act; or

2. the accounts do not accord with those records; or

3. the accounts 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.

This report is made solely to the charity's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the charity's Trustees those matters I am required to state to them in an Independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charity and the charity's Trustees as a body, for my work or for this report.

Signed: Dated: 23 September 2021 Christopher Yeates FCA DChA

For and on behalf of Larking Gowen LLP Summerhill House, Sculthorpe Road, Fakenham, Norfolk, NR21 9HA

Page 5

FAKENHAM FOCUS

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2021

Note Income from: Donations and legacies 2 Other trading activities: Investments 3 Total income Expenditure on: Charitable activities: . Charitable activities Total expenditure Net movement in funds Reconciliation of funds: Total funds brought forward Net movement in funds Total funds carried forward	Restricted funds 2021 £ 30,977 - 30,977 46,461 46,461 (15,484) 15,484 (15,484) -	Unrestricted funds 2021 £ 8,982 1 8,983 10,383 10,383 (1,400) 42,702 (1,400) 41,302	Total funds 2021 £ 39,959 1 39,960 56,844 56,844 (16,884) 58,186 (16,884) 41,302	Total funds 2020 £ 82,191 1
				82,192
				68,105
				68,105
				14,087
				44,099 14,087
				58,186

The Statement of financial activities includes all gains and losses recognised in the year.

The notes on pages 8 to 16 form part of these financial statements.

Page 6

FAKENHAM FOCUS BALANCE SHEET FOR THE YEAR ENDED 31 MARCH 2021 2021 2020 Fixed assets Tangible assets 3.862 5,144 3,862 5. 144 Current assets Debtors Cash at bank and in hand 5,356 49,380 39.031 39.031 54. 736 Creditors: amounts falling due within one year 10 11.591) (1,694) Net current assets 37.440 53,042 Total assets less current liabilities 41,302 58,186 Totsl net assets 41.302 58,186 Charlty funds RestrFCted funds Unrestricted fund5 11 15,484 42. 702 11 41,302 Total funds 41.302 58,186 The finanaal statements were approved and auth￿iSed for issue by the Trustee d signed on their behalf by= MSke Coates, Chair (Chair of Tnjsleesl Date.- 2 l J Martyn Benstead Trustee Ll The notes on pages 8 to 16 form part of these financial statements. Page 7

FAKENHAM FOCUS

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

1. Accounting policies

1.1 Basis of preparation of financial statements

The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - Accounting and Reporting by Charities: 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) (effective 1 January 2015), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.

The financial statements have been prepared to give a 'true and fair' view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair' view. This departure has involved following the Charities SORP (FRS 102) published on 16 July 2014 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.

Fakenham Focus meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.

1.2 Going concern

The Trustees have considered the charity's position at the time of signing the financial statements.

The 2020/21 financial year was inevitably impacted by the Covid-19 pandemic, although the charity continued to receive Lotto grant until October 2020, providing a secure source of income for part of the year. The day centre was forced to close during the lock down, but we supported people by other means, and the community fridge was able to stay open and was adjusted to follow Government guidelines.

Following the cessation of the Lotto grant in October 2020, the charity is no longer in receipt of its main source of funding and the trustees are currently looking to secure new funding streams. If the charity is unable to secure new sources of income the trustees will need to make significant changes to the charity’s operations in order to reduce costs.

Despite the uncertainty of the future funding for the charity, due to the operational options open to the trustees, and the levels of reserves held, the trustees have concluded that they have a reasonable expectation that the charity will have adequate resources to continue in operational existence for the foreseeable future, and at least twelve months from the date of signing these financial statements. They therefore continue to adopt the going concern basis of accounting in preparing these financial statements.

Page 8

FAKENHAM FOCUS

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

1. Accounting policies (continued)

1.3 Income

All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.

Grants are included in the Statement of financial activities on a receivable basis. The balance of income received for specific purposes but not expended during the period is shown in the relevant funds on the Balance sheet. Where income is received in advance of entitlement of receipt, its recognition is deferred and included in creditors as deferred income. Where entitlement occurs before income is received, the income is accrued.

Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable.

Other income is recognised in the period in which it is receivable and to the extent the goods have been provided or on completion of the service.

1.4 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably.

Expenditure on charitable activities is incurred on directly undertaking the activities which further the charity's objectives, as well as any associated support costs.

All expenditure is inclusive of irrecoverable VAT.

1.5 Tangible fixed assets and depreciation

Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost.

Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, .

Depreciation is provided on the following bases:

Motor vehicles - 25% reducing balance - Fixtures and fittings 25% reducing balance

1.6 Debtors

Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

Page 9

FAKENHAM FOCUS

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

1. Accounting policies (continued)

1.7 Cash at bank and in hand

Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

1.8 Liabilities and provisions

Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.

Liabilities are recognised at the amount that the charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.

1.9 Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.

Investment income, gains and losses are allocated to the appropriate fund.

2. Income from donations and legacies

Grants Lotto Social services grants Donations Grants Total 2021	Restricted funds 2021 Unrestricted funds 2021 £ £ 30,977 - - 4,693 30,977 4,693 - 4,289 - - 30,977 8,982	Total funds 2021 £ 30,977 4,693
		35,670
		4,289 -
		39,959

Page 10

FAKENHAM FOCUS

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

2. Income from donations and legacies (continued)

Grants Lotto Social services grants Donations Grants Total 2020 3. Investment income Investment income Investment income	Restricted funds 2020 Unrestricted funds 2020 £ £ 63,799 - - 6,164 63,799 6,164 107 12,121 - - 63,906 18,285 Unrestricted funds 2021 £ 1 Unrestricted funds 2020 £ 1	Total funds 2020 £ 63,799 6,164
		69,963
		12,228 -
		82,191
		Total funds 2021 £ 1
		Total funds 2020 £ 1

Page 11

FAKENHAM FOCUS

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

4. Charitable activities

Accountancy Refreshments Rent, rates & electricity Insurance Repairs and maintenance Printing, postage and stationery Telephone Travelling Wages Depreciation Professional and bookkeeping Charitable activities 2019 Accountancy Training Refreshments Rent, rates & electricity Insurance Repairs and maintenance Printing, postage and stationery Advertising Telephone Computer Travelling Wages Depreciation Professional and bookkeeping Loss on sale of assets	Restricted funds 2021 Unrestricted funds 2021 £ £ - 1,375 505 - 10,565 30 - 493 - 572 659 1,369 - 688 - 614 34,731 180 - 1,282 - 3,780 46,460 10,383 Restricted funds 2020 Unrestricted funds 2020 £ £ 390 2,817 465 - 622 2,023 11,781 152 450 88 1,549 87 1,840 268 249 - 3,119 - 960 - 441 - 30,500 3,774 - 1,711 2,700 - - 2,119 55,066 13,039	Total funds 2021 £ 1,375 505 10,595 493 572 2,028 688 614 34,911 1,282 3,780
		56,843
		Total funds 2020 £ 3,207 465 2,645 11,933 538 1,636 2,108 249 3,119 960 441 34,274 1,711 2,700 2,119
		68,105

Page 12

FAKENHAM FOCUS

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

5. Independent examiner's remuneration

The independent examiner's remuneration amounts to an independent examiner fee of £1,320 ( 2020 - £1,230 ).

6. Staff costs

Wages and salaries	2021 £ 34,911 34,911	2020 £ 34,274
		34,274

The average number of persons employed by the charity during the year was as follows:

2021	2020
No.	No.
5	5

No employee received remuneration amounting to more than £60,000 in either year.

7. Trustees' remuneration and expenses

During the year, no Trustees received any remuneration or other benefits (2020 - £NIL) .

During the year ended 31 March 2021, no Trustee expenses have been incurred (2020 - £NIL) .

Page 13

FAKENHAM FOCUS

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

8. Tangible fixed assets Cost or valuation At 1 April 2020 At 31 March 2021 Depreciation At 1 April 2020 Charge for the year At 31 March 2021 Net book value At 31 March 2021 At 31 March 2020 9. Debtors Due within one year Prepayments and accrued income 10. Creditors: Amounts falling due within one year Trade creditors Other taxation and social security	2021 £ - - 2021 £ 1,410 181 1,591	Fixtures and fittings £ 20,671
		20,671
		15,527 1,282
		16,809
		3,862
		5,144
		2020 £ 5,356 5,356 2020 £ 1,340 354 1,694

Page 14

FAKENHAM FOCUS

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

11. Statement of funds

Statement of funds - current year

Balance at 1 April 2020 £ Unrestricted funds General Funds - all funds 42,702 Restricted funds Restricted Funds - all funds 15,484 Total of funds 58,186 Statement of funds - prior year Balance at 1 April 2019 £ Unrestricted funds General Funds - all funds 37,455 Restricted funds Restricted Funds - all funds 6,643 Total of funds 44,098	Income £ Expenditure £ 8,983 (10,383) 30,977 (46,461) 39,960 (56,844) Income £ Expenditure £ 18,286 (13,039) 63,907 (55,066) 63,907 (68,105)	Balance at 31 March 2021 £ 41,302
		-
		41,302
		Balance at 31 March 2020 £ 42,702
		15,484
		58,186

Page 15

FAKENHAM FOCUS

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

12. Analysis of net assets between funds

Analysis of net assets between funds - current year

Unrestricted funds 2021 £ Tangible fixed assets 3,862 Current assets 39,031 Creditors due within one year (1,591) Total 41,302	Total funds 2021 £ 3,862 39,031 (1,591) 41,302

Analysis of net assets between funds - prior year

Tangible fixed assets Current assets Creditors due within one year Total	Endowment funds 2020 £ - - 1 1	Restricted funds 2020 £ 4,488 10,995 - 15,483	Unrestricted funds 2020 £ 656 43,741 (1,695) 42,702	Total funds 2020 £ 5,144 54,736 (1,694) 58,186

13. Related party transactions

During the year Stephenson Smart provided accountancy services to the charity. Martyn Benstead is a partner of Stephenson Smart. The charge for the year was £3,270 (2019: £2,022). The power to make the payment is included in the Charities Act 2011.

Page 16

FAKENHAM FOCUS

INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2021

Income Lotto Social services grants Other donations and legacies Other income Investments Total income Less: Accountancy Training Refreshments Rent, rates & electricity Insurance Repairs and maintenance Printing, postage and stationery Advertising Telephone Computer Travelling Wages Depreciation Professional and bookkeeping Loss on sale of assets Total expenditure Net (expenditure)/income for the reporting period (Deficit)/Surplus for the reporting period Funds brought forward at 1 April 2020 Funds carried forward at 31 March 2021	2021 £ 30,977 4,693 4,289 - 1 1,375 - 505 11,255 493 572 1,369 - 688 - 614 34,911 1,282 3,780 -	2021 £ 39,960 56,844 (16,884) (16,884) 58,186 41,302	2020 £ 63,799 6,164 10,578 1,650 1 3,207 465 2,645 11,933 538 1,636 2,108 249 3,119 960 441 34,274 1,711 2,700 2,119	2020 £
				82,192
				68,105
				14,087
				14,087 44,098
				58,185