Charity number: 1106520
FAKENHAM FOCUS
UNAUDITED
TRUSTEES, REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

FAKENHAM FOCUS
CONTENTS
Page
Reference and administrative details of the charity, its Trustees and advisers
Trustees, report
Independent examiner's report
Statement of financial activities
BalanGe sheet
Notes to the flnanclal statements
8-15

FAKENHAM FOCUS
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS
FOR THE YEAR ENDED 31 MARCH 2024
Trustees
Mike Coates (Resigned 16 November 20231
Martyn Benstead, Treasurer
Howard Young
Amanda Nudds
lan Wood
Kevin Howard (appointed 25 July 2023)
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
NR219HA
Page 1

FAKENHAM FOCUS
TRUSTEES. REPORT
FOR THE YEAR ENDED 31 MARCH 2024
The Trustees present their annual report together wilh the financial statements of Ihe charity for the 1 April
2023 to 31 March 2024.
Objectlves 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 benef it, including the guidance 'Public benefit.. running a
charity (PB2)'. A summary of the achievements and performance in the year is detailed below.
b. Main activitles undertaken to further the charity's purposes for the publlc benefit
Our premises are open to the public Monday to Wednesday (am) and Thursdays lam 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. Revlew of activities
This year First Focus has continued to provide all of its regular seNices, that do much to help its members and
the community with their mental health and wellbeing, with counselling , providing a warm safe space to help
combat social isolation,compleling forms, signposting to other organisations and making use of the Community
Fridge and donated foodstuffs distribution point. In particular this year it has also provided much-needed
financial information and advice, to help with coping with the rising cost of living and the closure of many
branches of banks in Fakenham and Norfolk in general.
Page 2

FAKENHAM FOCUS
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Achievements and performance (continued)
b. Financial performance and reserves
The attached accounts demonstrate in financial terms the activities of the charity for the past year. As can be
seen the Charity has a surplus for the year ended £1,340. This Compares to a deficit in the previous year of
£14,281
First Focus has continued this year with support from the National Lottery, Postcode Lottery, Norfolk
Community Foundation and the support and fundraiing of local businesses and events like Kinnerton and
Fakenham Beer & Gin festival.
The trustees are also grateful to members and volunteers who have donated valuable contributions both in
terms of time and money whilst future funding is secured.
The reseNes policy is decided upon by the trustees. ReseNes 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 tolalled £42,697 (2023.. £39,835).
Reserves held in bank accounts, such as deposits are interest-bearing when possible.
Cash reserves are £43,685 (2023.. £42,696).
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
Going concern
The Trustees have considered the charity's position at the time of signing the financial statements.
Based on this, the trustees have concluded that they have a reasonable expectation that the charity will have
adequate resources to continue in operational existence for the forseeable future. They therefore continue to
adopt the going concern basi5 of accounting in preparing these financial statements.
Structure, governance and management
Constitution
Fakenham Focus, also known as First Focus, is a registered charity, number 1106520, and is governed by its
constitution.
b. Methods of appointment or election of Trustees
Trustees are appointed by existing trustees with a lead given by office holders of the Management Team.
Page 3

FAKENHAM FOCUS
TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Statement of Trustees, responsibilities
The Trustees are responsible for preparing the Trustees, report and the financial statements in accordance with
applicable law and United Kingdom Accounting Standards (United Kingdom Generally A¢￿pted Accounting
Practice).
The law applicable to charities in England & Wales requires the Trustees to prepare financial statements for
each financial which give a true and fair view of the state of affairs of the charity and of its incoming ￿SOurCeS
and application of resources, including its income and expenditure, for that period. In preparing these financial
statements, the Trustees are required to..
select suitable accounting policies and then apply them consistently-,
observe the methods and principles of the Charities SORP (FRS 1021;
make judgments and accounting estimates Ihal are reasonable and prudent,.
slate whether applicable UK Accounting Standards {FRS 102) have been followed, subject to any
material departures disclosed and explained in the financial statements.,
prepare the financial 51alements on the going concern basis unless it is inappropriate to presume that the
charity will continue in business.
The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain
the charity's transactions and disclose with reasonable accuracy at any time the financial position of the charity
and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity
{Accounts and Reports) Regulations 2008 and the provisions of the Trust deed. They are also responsible for
safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of
f raud and other irregularities.
Approved by order of the members of the board of Trustees and signed on their behalf by..
Amanda Nudds
Trustee
Date..
Z4.Olo. la2
Page 4

## **FAKENHAM FOCUS** 

## **INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 MARCH 2024** 

## **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 2024. 

## **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: 26 June 2024 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 2024
Restricted Unrestricted
funds
funds
2024
2024
Total
funds
2024
Tolal
funds
2023
Note
Income from:
Donations and legacies
Other trading activities..
Investments
30,500
24,827
55,327
36. 056
13
13
Total income
30,500
24.840
55,340
36,058
Exp8nditure on:
Charitable activities..
Charitable activities
31,000
23,000
54,000
50,339
Total expenditure
31,000
23,000
54,000
50,339
Net movemont in funds
(5001
1,840
1,340
(14,281)
Reconciliation of funds:
Total funds brought forward
Net movement in funds
500
43,934
1,840
44,434
1,340
58, 715
(14, 281)
(5001
Total funds carried forward
45,774
45,774
44,434
The Statement of financial activities includes all gains and losses recognised in the year.
The notes on pages 8 to 15 form part of these financial statements.
Page 6

FAKENHAM FOCUS
BALANCE SHEET
AS AT 31 MARCH 2024
2024
2023
Note
Fixed assets
Tangible assets
3,077
4,099
3,077
4,099
Current assets
Debtors
Cash at bank and in hand
849
43,685
42,696
44,534
42,696
Credilors.. amounts falling due within one
year
{1,837)
(2, 361)
Net current assets
42,697
40,335
Total assets less current Ilabllities
45,774
44,434
Total net as8ets
45,774
44,434
Charity funds
Restricted funds
Unrestricted funds
10
10
500
43,934
45,774
Total funds
45,774
44,434
The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by..
Martyn Benstead
Trustee
Dale..
The noles on pages 8 to 15 form part of these financial statements.
Page 7

FAKENHAM FOCUS
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Accounting policies
1.1 Basis of preparation of financial statements
The financial statements have been prepared in accordance with the Charities SORP IFRS 102)
Accounting and Reporting by Charities.. Statement of Recommended Practice applicable lo charities
preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK
and Republic of Ireland {FRS 102) (effective 1 January 20151, 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 fail view and have departed from
the Charities (Accounts and Reports) Regulations 2008 only lo 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 othetwise stated in the relevant
accounting policy.
1.2 Golng concern
The Trustees have considered the charity's position at the time of signing the f inancial statements.
Based on this. the trustees have concluded that they have a reasonable expectation that the charity
will have adequate resources lo continue in operational existence for the forseeable future. Th8y
therefore continue to adopt the going concern basis of accounting in preparing these financial
ststements.
1.3 Income
All income is recognised once the charity has enlitlement 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 Ihat 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.
Page 8

FAKENHAM FOCUS
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Accounting policies (continued)
1.4 Expenditure (continued)
All expenditure is inclusive of irrecoverable VAT.
1.5 Tangible fixed assets and depreciation
Tangible fixed assets are initially re¢ognised at cost. After recognition, under the cost model,
tangible fixed assets are measured at cost less accumulaled 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 basis..
Fixtures and fittings
250/0 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.
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 Liabllities and provislons
Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past
event, it is probable thal a transfer of economic benefit will be required in settlement, and the
amount of the settlement can be eslimaled reliably,
Liabilities are recognised at the amount that the charity anticipates it will pay to settle the debt or the
amount il has received as advanced payments for the goods or setvices it must provide.
1.9 Fund accounting
General funds are unrestricted f unds which are available for use at the discretion of the Trustees in
furtherance of the general objectives of the charity and which have nol 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.
Page 9

FAKENHAM FOCUS
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Income from donations and legacies
Restricted Unrestricted
funds
funds
2024
2024
Total
funds
2024
Grants
Lotto
Other grants
30,500
30,500
30,500
30,500
Donations
24,827
24,827
Total 2024
30,500
24,827
55,327
Restricted Unrestricted
funds
funds
2023
2023
Total
funds
2023
Grants
Grants
Other grants
9,490
6, 000
9,490
10,214
4,214
15,490
4,214
19,704
Donations
16,352
16,352
Total 2023
15,490
20,566
36,056
Page 10

FAKENHAM FOCUS
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Charitable activities
Restricted Unrestricted
funds
funds
2024
2024
Totsl
funds
2024
Accountancy
Training
Refreshments
Rent, rates & electricity
Insurance
Repairs and maintenance
Printing, postage and stationery
Telephone
Travelling
Wages
Depreciation
Professional and bookkeeping
1,818
334
633
7,549
341
1,818
334
633
7,549
341
263
1,601
1,090
720
4,749
1.022
2,880
263
1,601
1,090
720
35,749
1,022
2,880
31,000
31,000
23,000
54,000
Restricted Unrestricted
funds
funds
2023
2023
Total
funds
2023
Charitable activities 2023
Accountancy
Training
Refreshments
Rent, rates & electricity
Insurance
Repairs and maintenance
Printing, postage and stationery
Telephone
Computer
Travelling
Wages
Depreciation
Professional and bookkeeping
1,620
19
889
1,620
19
1, 189
7,041
520
240
300
3, 650
3,391
520
240
199
1,054
552
25
670
10,221
724
3,542
1,253
753
201
25
670
22, 522
32, 743
724
3,542
26,872
23,467
50,339
Page11

FAKENHAM FOCUS
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Independent examiner's remuneration
The independent examinels remuneration amounts to an independent examiner fee of £1,440 {2023 -
£1.350}
Staff costs
2024
2023
Wages and salaries
35,748
32. 743
35,748
32, 743
The average number of persons employed by the charity during the year was as follows..
2024
No.
2023
No employee received remuneration amounting to more than £60,000 in either year.
Trustees, remuneration and expenses
During the year, no Trustees received any remuneration or other benefits (2023- £NIL).
During the year ended 31 March 2024. no Trustee expenses have been incurred (2023- £NIL).
Page 12

FAKENHAM FOCUS
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Tangible fixed assets
Fixtures and
fittings
Cost or valuation
At 1 April 2023
22,597
At 31 March 2024
22,597
Depreciatlon
At 1 April 2023
Charge for the year
18,498
1,022
At 31 March 2024
19,520
Not book value
At 31 March 2024
3,077
At 31 March 2023
4, 099
Debtors
2024
2023
Due within one year
Prepayments and accrued income
849
849
Creditors: Amounts falling due wlthin one year
2024
2023
Trade creditors
Other taxation and social security
1,615
222
2,176
185
1,837
2,361
Page 13

FAKENHAM FOCUS
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
10. Statement of funds
Statement of funds - current year
Balance at
31 March
2024
Balance at 1
April 2023
Income Expendlture
Unrestricted funds
General Funds- all funds
43,934
24,840
(23,000)
45,774
Restricted funds
Restricted Fund - staff salaries
500
30,500
(31,000
Total of funds
44,434
55,340
(54,000
45,774
Restricted funds are funds which are to be used in accordance with specific reslriclions imposed by the
donors. The restricted fund balances represent the amounts of the donations still held at the year end.
Statement of funds - prior year
88lanGe at
31 March
2023
Balance al
1 April 2022
Income Expenditu
Unrestricted funds
General Funds - all funds
46,833
20,568
(23,467)
43,934
Restricted funds
Restricted Fund - operating costs
Restricted Fund - staff salaries, rent & utilities
4,350
11.140
(4, 350)
(22, 522)
11,882
500
11,882
15,490
(26,872)
500
Total of funds
58,775
36,058
(50, 339)
44,434
Page 14

FAKENHAM FOCUS
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Analysis of net assets between funds
Analysis of net assets between funds - current period
Unrestrictod
funds
2024
Total
funds
2024
Tangible fixed assets
Current assets
3,077
44,534
{1,837)
3,077
44,534
(1,837)
Creditors due within one year
Total
45,774
45.774
Analysls of net assets between funds . prior period
Restricted Unrestricted
funds
funds
2023
2023
Total
funds
2023
Tangible fixed assets
Currenl assets
Creditors due within one year
4,099
42,196
(2, 361)
4,099
42,696
(2, 361)
500
Total
500
43,934
44,434
12.
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 £2,880 12022.. £3,542}. At 31 March 2024
£240 (2023.. £2401 was due to Stephenson Srnart and is included in creditors. The power to make the
payment is included in the Charities Act 2011.
Page 15

FAKENHAM FOCUS
INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2024
2024
2024
2023
2023
Income
Lotto
9,490
10,274
16,352
Other grants
Other donations and legacies
Other income
30,500
24,827
13
Total income
55,340
36,058
Less..
Accountancy
Training
Refreshments
Rent, rates & electricity
Insurance
Repairs and maintenance
Printing, postage and stationery
Telephone
Computer
Travelling
Wages
Depreciation
Professional and bookkeeping
1,818
334
633
7,549
341
263
1,620
19
1,189
7,041
520
240
1,252
754
25
670
32, 743
724
3, 542
1,601
1,090
720
35,749
1,022
2,880
Total expendlture
Net incomel(expenditure) for the reporting
period
$4,000
50,339
1,340
{14,281)
SurplusllDeficit) for the reporting period
Funds brought fopNard at 1 April 2023
1,340
44,434
(14,281)
58,715
Funds carrled forward at 31 March 2024
45,774
44,434