Charity number: 1106520 FAKENHAM FOCUS UNAUDITED TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
FAKENHAM FOCUS CONTENTS Page Reference and administrative details of the charity, its Trustees and advisers Trustees, report Independent examinèr's roport Statement of flnanclal activities Balance sheet Notes to the flnan¢lal statements 8-15
FAKENHAM FOCUS REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2025 Trustees Martyn Benstead, Treasurer Howard Young Amanda Nudds lan Wood (resigned 26 November 20241 Kevin Howard Carla Andrews (appointed 20 June 2024) Charity registered number 1106520 Prlncipal office 10 Oak Stre8t Fakenham Norfolk NR219DY 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 2025 The Trustees present their annual report together with Ihe financial statements of the charity for the 1 April 2024 to 31 March 2025. Objectives and actlvltles 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 advic8 from specialist organisations. Also to assisl with education and training as determined by user needs. In setting objectives and planning for activities, the Trustees have given du8 consideration to general guidance published by the Charity Commission relating ta 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 activlties undertaken to further the charlty's purposes for Ihe publlc 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 opportunlties 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 servi5 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. Page 2
FAKENHAM FOCUS TRUSTEES, REPORT {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Achievements and performance Review of activities The First Focus Charity, is based in Fakenham and continues to serve as a vital community hub, offering practical, emotional, and social support to residents of all ages. In 2024125, the charity has strengthened its position as a welcoming. safe space, responding to growing local needs amid continued social and economic challenges. We aim to continue the dellvery of core services: advice on benefits, housSng, and employment. First Focus launched a weekly warm space and hot meal servlce durfng the Wnler months, supporting vulnerable and isolated individuals. Rising costs and higher demand for services have stretched resources. Recruilment of volunleers remains an ongoing priority to sustain expanded activities. Funding remains tight, underlining the need for continued fundraising and grant applications. Moving forward First Focus aims to.. Secure sustainable funding streams. Expand mental health and wellbeing programs. Continue addressing social isolalion and poverty in the communlty. The successes of First Focus have only been possible thanks to the tireless efforts of staff, volunteers, donors, and the wider Fakenham community. Their dedication ensures that First Focus remains a beacon of hope and support for 811 who need it. b. Flnancial 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 deficit for the year ended of £3,956 {2024 surplus £1,340). 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 tlme and money whilst future funding is secured. The reserves policy is decided upon by the trustees. Reserves are held as unrestricled funds lo meet bolh planned expenditure when il falls due and to cover contingencies. The free reserves at the year end being unrestricted funds not invested in fixed assets lotalled £38,76012024 £42,697). Reserves held in bank accounts, such as deposits are interest-bearing when possible. Cash reserves are £44,68512024 £43,685). The charity has undertaken a detailed review of the various risks faced by it and has taken steps to mitigate these risks where possible. Page 3
FAKENHAM FOCUS TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Going concern The Truslees have Considered the charity's position at the lime 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 to continue in operational existence for th@ forseeable future. They therefore continue to adopt the going concern basis of accounting in preparing these financial statements. Structure. governance and management a. Constltution Fakenham Focus, also known as First Focus, is a registered charity, number 1106520, and is governed by its constitution. b. Methods of appolntment or election of Trustees Trustees are appointed by existing trustees with a lead given by office holders of the Management Team. Stalement of Trustees, responslbllltles 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 Accept8d Accounting Practice). The law applicable lo chariti8s in England & Wales requires the Trustees to prepare financial slatements for each f inancial which give a true and fair view of the slate of affairs of the charity and of its incoming resources and application of resources, including its income and expendilure, for that P8riod. In preparing these financial statements, the Trustees are required lo.. select sultable accounting policies and then apply them consistently; observ8 the methods and principles of the Charities SORP (FRS 102)., make judgments and accounting estimates that are reasonable and prudent; state whether applicable UK Accounling Standards (FRS 102} have been followed, subject to any material departures disclosed and explained in the financial statements., prepare the financial statements 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 aGcounting records that are sufficient lo show and explain the charity's Iran5actions and disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial slatements 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 assels of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Approved by order of the members of the board of Trustees and signed on their behalf by: Amanda Nudds Trustee Date: Page 4
NE N EN E AMNE' EO FO HE EA EN E MA CH ! ' " ! # ! # $ ! % " " # & F ' $ F # ( % " ) ' $ ( $ ! * + , - . / 0 - 1 1 0 1 2 . 3 2 4 - 5 1 6 7 - 8 9 1 . . 9 0 : ; 6 . < 4 ; 5 : 4 1 5 0 : 0 = 1 2 . 4 3 3 0 8 : 1 9 0 = 1 2 . 3 2 4 - 5 1 6 = 0 - 1 2 . 6 . 4 - . : > . > ? @ A 4 - 3 2 B C B D E " # " F G " F " " # & ! # ! H 9 1 2 . 7 - 8 9 1 . . 9 0 = 1 2 . 3 2 4 - 5 1 6 6 0 8 4 - . - . 9 / 0 : 9 5 I J . = 0 - 1 2 . / - . / 4 - 4 1 5 0 : 0 = 1 2 . 4 3 3 0 8 : 1 9 5 : 4 3 3 0 - > 4 : 3 . K 5 1 2 1 2 . - . L 8 5 - . ; . : 1 9 0 = 1 2 . M 2 4 - 5 1 5 . 9 H 3 1 B C @ @ N O 1 2 . B C @ @ H 3 1 O P E , - . / 0 - 1 5 : - . 9 / . 3 1 0 = ; 6 . < 4 ; 5 : 4 1 5 0 : 0 = 1 2 . 3 2 4 - 5 1 6 O 9 4 3 3 0 8 : 1 9 3 4 - - 5 . > 0 8 1 8 : > . - 9 . 3 1 5 0 : @ Q D 0 = 1 2 . H 3 1 4 : > 5 : 3 4 - - 6 5 : R 0 8 1 ; 6 . < 4 ; 5 : 4 1 5 0 : 2 4 S . = 0 J J 0 K . > 4 J J 1 2 . 4 / / J 5 3 4 I J . T 5 - . 3 1 0 - 9 R 5 S . : I 6 1 2 . M 2 4 - 5 1 6 M 0 ; ; 5 9 9 5 0 : 8 : > . - U . 3 1 5 0 : @ Q D N D P N I P 0 = 1 2 . H 3 1 E ! " " , 2 4 S . 3 0 ; / J . 1 . > ; 6 . < 4 ; 5 : 4 1 5 0 : E , 3 0 : = 5 - ; 1 2 4 1 : 0 ; 4 1 1 . - 9 2 4 S . 3 0 ; . 1 0 ; 6 4 1 1 . : 1 5 0 : 5 : 3 0 : : . 3 1 5 0 : K 5 1 2 1 2 . . < 4 ; 5 : 4 1 5 0 : R 5 S 5 : R ; . 3 4 8 9 . 1 0 I . J 5 . S . 1 2 4 1 5 : 4 : 6 ; 4 1 . - 5 4 J - . 9 / . 3 1 V @ E 4 3 3 0 8 : 1 5 : R - . 3 0 - > 9 K . - . : 0 1 W . / 1 5 : - . 9 / . 3 1 0 = 1 2 . 3 2 4 - 5 1 6 4 9 - . L 8 5 - . > I 6 9 . 3 1 5 0 : @ ? C 0 = 1 2 . B C @ @ H 3 1 X 0 - B E 1 2 . 4 3 3 0 8 : 1 9 > 0 : 0 1 4 3 3 0 - > K 5 1 2 1 2 0 9 . - . 3 0 - > 9 X 0 - ? E 1 2 . 4 3 3 0 8 : 1 9 > 0 : 0 1 3 0 ; / J 6 K 5 1 2 1 2 . 4 / / J 5 3 4 I J . - . L 8 5 - . ; . : 1 9 3 0 : 3 . - : 5 : R 1 2 . = 0 - ; 4 : > 3 0 : 1 . : 1 0 = 4 3 3 0 8 : 1 9 9 . 1 0 8 1 5 : 1 2 . M 2 4 - 5 1 5 . 9 N H 3 3 0 8 : 1 9 4 : > Y . / 0 - 1 9 P Y . R 8 J 4 1 5 0 : 9 B C C Z 0 1 2 . - 1 2 4 : 4 : 6 - . L 8 5 - . ; . : 1 1 2 4 1 1 2 . 4 3 3 0 8 : 1 9 R 5 S . 4 O 1 - 8 . 4 : > = 4 5 - O S 5 . K K 2 5 3 2 5 9 : 0 1 4 ; 4 1 1 . - 3 0 : 9 5 > . - . > 4 9 / 4 - 1 0 = 4 : 5 : > . / . : > . : 1 . < 4 ; 5 : 4 1 5 0 : E , 2 4 S . : 0 3 0 : 3 . - : 9 4 : > 2 4 S . 3 0 ; . 4 3 - 0 9 9 : 0 0 1 2 . - ; 4 1 1 . - 9 5 : 3 0 : : . 3 1 5 0 : K 5 1 2 1 2 . . < 4 ; 5 : 4 1 5 0 : 1 0 K 2 5 3 2 4 1 1 . : 1 5 0 : 9 2 0 8 J > I . > - 4 K : 5 : 1 2 5 9 - . / 0 - 1 5 : 0 - > . - 1 0 . : 4 I J . 4 / - 0 / . - 8 : > . - 9 1 4 : > 5 : R 0 = 1 2 . 4 3 3 0 8 : 1 9 1 0 I . - . 4 3 2 . > E 7 2 5 9 - . / 0 - 1 5 9 ; 4 > . 9 0 J . J 6 1 0 1 2 . 3 2 4 - 5 1 6 O 9 7 - 8 9 1 . . 9 [ 4 9 4 I 0 > 6 [ 5 : 4 3 3 0 - > 4 : 3 . K 5 1 2 \ 4 - 1 Q 0 = 1 2 . M 2 4 - 5 1 5 . 9 N H 3 3 0 8 : 1 9 4 : > Y . / 0 - 1 9 P Y . R 8 J 4 1 5 0 : 9 B C C Z E A 6 K 0 - W 2 4 9 I . . : 8 : > . - 1 4 W . : 9 0 1 2 4 1 , ; 5 R 2 1 9 1 4 1 . 1 0 1 2 . 3 2 4 - 5 1 6 O 9 7 - 8 9 1 . . 9 1 2 0 9 . ; 4 1 1 . - 9 , 4 ; - . L 8 5 - . > 1 0 9 1 4 1 . 1 0 1 2 . ; 5 : 4 : , : > . / . : > . : 1 . < 4 ; 5 : . - O 9 - . / 0 - 1 4 : > = 0 - : 0 0 1 2 . - / 8 - / 0 9 . E 7 0 1 2 . = 8 J J . 9 1 . < 1 . : 1 / . - ; 5 1 1 . > I 6 J 4 K [ , > 0 : 0 1 4 3 3 . / 1 0 - 4 9 9 8 ; . - . 9 / 0 : 9 5 I 5 J 5 1 6 1 0 4 : 6 0 : . 0 1 2 . - 1 2 4 : 1 2 . 3 2 4 - 5 1 6 4 : > 1 2 . 3 2 4 - 5 1 6 O 9 7 - 8 9 1 . . 9 4 9 4 I 0 > 6 [ = 0 - ; 6 K 0 - W 0 - = 0 - 1 2 5 9 - . / 0 - 1 E U 5 R : . > V | , | \/ + M 2 - 5 9 1 0 / 2 . - ] . 4 1 . 9 ^ M H T M 2 H ^ 0 - 4 : > 0 : I . 2 4 J = 0 = _ 4 - W 5 : R ` 0 K . : _ _ \ U 8 ; ; . - 2 5 J J a 0 8 9 . [ U 3 8 J 1 2 0 - / . Y 0 4 > [ ^ 4 W . : 2 4 ; [ b 0 - = 0 J W [ b Y B @ c a H B @ d 8 J 6 B C B D
\ 4 R . D
FAKENHAM FOCUS STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025 Restricted Unrestricted funds funds 2025 2025 Total funds 2025 Total funds 2024 Note Income from: Donations and legacies Other trading activities: Investments 36,000 23,666 59,666 55,327 16 16 13 Total Income 36,000 23,682 59,682 55, 340 Expendilure on: Charitable activities 36,000 27,638 63,638 54,000 Total expendltur• 36,000 27,638 63,638 54,000 Net movement in funds (3,956) (3,956) 1,340 Reconciliatlon of funds: Total funds brought forward Nel movement in funds 45,774 13,956) 45,774 (3,956) 44,434 1.340 Total funds Garried forward 41,818 41,818 45,774 The Statement of financial activities includes all gains and losses recognised in the year. The noles on pages 8 to 15 form part of these financial statements, Page 6
FAKENHAM FOCUS BALANCE SHEET AS AT 31 MARCH 2025 2025 2024 Nota Fixed assets Tangible assets 3,058 3.077 3,058 3,077 Current assets Debtors Cash at bank and in hand 295 849 43, 685 44,685 44,980 44,534 Creditors.. amounts falling due within one year 10 {6,220} (1,837) Net current assets 38,760 42,697 Total asset8 less current Ilablllties 41,818 45,774 Total net assets 41,818 45,774 Charlty funds Restricted funds Unrestricted funds 41,818 45, 774 Total funds 41,818 45, 774 The financial stateme s were approved and authorised for issue by the Trustees and signed on their behalf by.. artyn Benstead Trustee Date.. Amanda Nudds Trustee The notes 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 2025 Accounting policies 1.1 Basls of preparation of financtal statements The financial statements have been prepared in accordance with the Charities SORP {FRS 1021 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 IFRS 1021 and the Charities Act 2011. The financial stalements have been prepared to give a 'true and falr, vlew and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'lrue and fair, view. This departure has involved following the Charities SORP IFRS 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 d@f inition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction valu& unless othernise stated in the relevant accounting policy. 1.2 Golng 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 charlty will have adequate resources to continue in operational existence for the forseeable future. They therefore continu8 to adopt the going concern basis of accounting in preparing these financial statements. 1.3 Income All income Is recognised once the charlty 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 p8riod is shown in Ihe relevant funds on the Balance sheet. Where income is received in advance of entitlement of receipt, its recognition 15 deferred and included in creditors as deferred income. Wher& entiti@ment occurs before income is received, the income is accrued. Income tax recoverable in relation lo 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 complelion 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 2025 Accounting policies (continued) 1.4 Expenditure (continued) Grants payable are charged in the year when the offer is made except in those cases where the offer is conditional, such grants being recognised as expenditure when the conditions attaching are fulfilled. Grants offered subject to conditions which have not been met at the year end are noted as a commitment, but not accrued as expenditure. All expenditure is inclusive of irrecoverable VAT. 1.5 Tangible fixed assets and depreciation Tangible fixed assets are initially recognised at cosl, 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 brlng a tangible fixed asset into its intended working condition should be included in the measurement of cost. Deprecialion is charged so as to allocate th8 Cost of tangibl8 fixed assets less their residual value over their estimated useful lives, Depreciation is provided on the following basis: Fixtures and fittings 25 /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 Ihe 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-lerm highly liquid inveslm8nts with a short maturity of three months or less from the date of acquisition or opening of th8 deposit or similar account. 1.8 Llabllltles and provisions Liabllities 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 reGognised at the amount that the charily anticipates it will pay to settle Ihe debt or the amount it has received as advanced payments for the goods or services it must provide. Page 9
FAKENHAM FOCUS NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Accounting policies {continued) 1.9 Fund accounting General funds are unrestricted funds which are avallable 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. Page 10
FAKENHAM FOCUS NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Income from donations and legacies Restrlcted Unrestrlcted funds funds 2025 2025 Total funds 2025 Grants Lotto other grants 20,000 16,000 20,000 20,974 4,974 36,000 4,974 40,974 Donations 18,692 18,692 Total 2025 36,000 23,666 59,666 Restricted Unrestricted funds funds 2024 2024 Total funds 2024 Grants Other grants 30, 500 30, 500 30, 500 30, 500 Donations 24,827 24,827 Total 2024 30,500 24,827 55,327 Analysis of grants Grants to Individuals 2025 Total funds 2025 Total funds 2024 Grants paid 1,100 1,100 Page 11
FAKENHAM FOCUS NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Charitable activities Re5tri¢ted Unrestrlcted funds funds 2025 2025 Total funds 2025 Accountancy Training General running costs Rent, rates & electricity Insurance Repairs and maintenance Printing, postage and slalionery Telephone Travelling Grants paid Wages Depreciation Professional and bookkeeping 1,823 101 2,515 13,816 619 275 1,776 619 769 1,823 101 2,515 13,816 619 275 1,776 619 769 1,100 34,900 1,100 36,331 1,014 2,880 1,431 1,014 2,880 36,000 27,638 63,638 Restricted Unrestricted funds funds 2024 2024 Total funds 2024 Charltable actlvltles 2024 Accountancy Training Refreshments Rent, rates & electricity Insurance 1,818 334 1,818 334 633 7, 549 341 263 1,601 1,090 720 35, 749 1,022 2,880 633 7,549 341 263 1,601 1,090 720 4, 749 1,022 2, 880 Repairs and maintenance Printing, postage and stationery Telephone Travelling Wages Depreciation Professional and bookkeeping 31,000 31,000 23,000 54,000 Page 12
FAKENHAM FOCUS NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Independent examiner's remuneration The independent examinerfs remuneration amounts to an independent examiner fee of £1,53512024 - £1,440). Staff costs 2025 2024 Wages and salaries 36,331 35, 749 36,331 35, 749 The average number of persons employed by the charity during the year was as follows: 2025 2024 No. No employee r8ceived remuneration amounting to more than £60,000 in @ither year. Trustees, remuneratlon and expenses During the year, no Trustees reGeived any remuneration or other b8nefits (2024- £NIL). During the year ended 31 March 2025, no Trustee expens8s have been incurred (2024 - £NIL). Page13
FAKENHAM FOCUS NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Tanglble fixed assets Fixtures and fittings Cost or valuatlon At 1 April 2024 Additions 22,597 995 At 31 March 2025 23,592 Depreclatlon At 1 April 2024 Charge for the year 19,520 1.014 At 31 March 2025 20,534 Net book value At 31 March 2025 3,058 At 31 March 2024 3,077 Debtors 2025 2024 Due within one year Prepayments and accrued income 295 849 295 849 10. Creditors: Amounts falling due wlthin one year 2025 2024 Trade creditors Other taxation and social security 5,973 247 7,615 222 6,220 7,837 Page 14
FAKENHAM FOCUS NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 11. Statement of funds Statement of funds - currenl year Balance at 31 March 2025 Balance at 1 April 2024 Income Expenditure Unrestrlcted funds General Funds - all funds 45,774 23,682 (27,638) 41,818 Restricted funds Restricted funds - all funds 36,000 136,000) Total of funds 45,774 59,682 (63,638) 41,818 Restricted funds are funds which are to be used in accordance with specific restrictions imposed by the donors, The restricled fund balances represent the amounts of the donations still held at the year end. Statement of funds - prlor year Balance at 31 March 2024 Balance at l Apnl 2023 Income Expenditure Unrestrlcted funds General Funds- all funds 43,934 24,840 (23, OOOJ 45,774 Restricted funds Restricted Funds - all funds 500 30,500 (31,000) Total of funds 44, 434 55,340 (54,000) 45, 774 12. Related party transactions During the year Stephenson Smart provided accounlancy Services to the charity. Martyn Benstead is a partner of Stephenson Smart. The charge for the year was £2,88012024 £2,880). At 31 March 2025 £240 (2024 £240) was due to Stephenson Smart and is included in creditors. The power to make the payment is included i n tho Charities Acl 2011. Page 15
FAKENHAM FOCUS INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2025 2025 2025 2024 2024 Income Other grants other donations and legacies Other income 26,074 33,592 16 30, 500 24,827 13 Total Income Less: 59,682 55, 340 Accountancy Training General runnlng costs Rent, rates & electricity Insurance Repairs and maintenance Printing, postage and stationery T81ephone Travelling Grants Paid Wages Depreciation Professional and bookkeeping 1,823 101 1,818 334 633 7,549 341 263 1,601 1,090 720 2,515 13,816 619 275 1,776 619 769 1,100 36,331 1,014 2,880 35, 749 1,022 2, 880 Total expenditure Net {expenditure)Ilncome for the reportlng period 63,638 54, 000 {3,956) 1,340 (Deficit)ISurplus for the reporting period Funds brought forward at 1 April 2024 {3,956) 45,774 1,340 44.434 Funds carried forward at 31 March 2025 41,818 45, 774