## **A n n u a l R e p o r t 2 0 2 3 - 2 0 2 4**
**----- Start of picture text -----**
y
“Working
with Families
to Build a
Better
Future”
**----- End of picture text -----**
**A n n u a l R e p o r t 2 0 2 3 - 2 0 2 4**
**A n n u a l R e p o r t a n d U n a u d i t e d F i n a n c i a l S t a t e m e n t s**
For the year ended 31 March 2024
## **FACES Bedford**
Company limited by guarantee. Registered in England and Wales No: 05372026
Registered Office:
Church Lane Community Centre, 147 Church Lane, Bedford, MK41 0PW
## Registered Charity No: 1108574
Honorary President: Lady Valerie Skeet
Page 1
## **A n n u a l R e p o r t 2 0 2 3 - 2 0 2 4** ~~eng~~
## **C o n t e n t s**
**----- Start of picture text -----**
|||
|---|---|
|Reference and Administrative Information.............................|3|
|Introduction from the Chair of Trustees.................................|4|
|Introduction from the CEO.....................................................|5|
|Report from the Board of Trustees.........................................|6|
|Funders and Supporters........................................................|14|
|Trustees Responsibilities for the Accounts.............................|15|
|Independent Examiner's Report to the Trustees of FACES|
|Bedford..................................................................................|16|
|Statement of Financial Activities...........................................|18|
|Balance Sheet........................................................................|19|
|Notes to the Financial Statements.........................................|21|
|Detailed Statement of Financial Activities............................|27|
**----- End of picture text -----**
Page 2
**A n n u a l R e p o r t 2 0 2 3 - 2 0 2 4**
## **R e f e r e n c e & A d m i n i s t r a t i v e I n f o r m a t i o n**
**Name of Charity** FACES Bedford
## **Registered Charity**
No.1108574
## **Company Limited by Guarantee**
No. 05372026
## **Registered Office**
147 Church Lane Bedford MK41 0PW
**Telephone Number** 01234270601
## **Website Address**
www.facesbedford.org
## **Trustees**
Jennie Bayliss - Chairman _(Since September 2023)_ David Twigden - Treasurer Caroline Leonard Sue Turner **Independent Examiner** Rachel Parsons _(Since April 2023)_ **and Reporting** Krishan Patel _(Since June 2023)_ **Accountants -** Charlotte Fenn _(Since April 2023)_ Monico Tunley Limited **CEO** 19 Goldington Road Michaela Martindale Bedford MK40 3JY **Bankers** Royal Bank of Scotland **Solicitors** Drummond House Woodfines LLP Solicitors 1 Redheughs Avenue 16 St. Cuthberts Street Edinburgh Bedford EH12 9JN MK40 3JG
Page 3
## **A n n u a l R e p o r t 2 0 2 3 - 2 0 2 4**
**I n t r o d u c t i o n f r o m t h e C h a i r o f T r u s t e e s** As the newly appointed Chair of FACES, it is my privilege to share our Annual Board Report for 2023/24. This report encapsulates the unwavering dedication of our staff and volunteers, and the impact of the programs that Ay our charity has championed over the past year. A AW a Before we reflect on the year, I would like to say thank you to our outgoing Chair, Eve Burt MBE, who retired in September 2023. Eve gave many years of service to FACES and we are all very grateful for her time as Chair, and for her ongoing support as one of our Patrons.
Reflecting on the achievements and challenges we have faced, the strength of FACES lies in the collective commitment of our board members, staff, volunteers, and supporters. Their relentless efforts have not only helped us to navigate through uncertain times but also to take on new opportunities to further our reach and the services we can offer.
We now run 12 projects that serve our local families, providing services from pregnancy to adulthood and often in close partnership with many other local organisations. These accomplishments underscore our commitment to making a tangible difference in our community and exemplify the core values of FACES.
All of our projects are funded through grants, foundations or trusts and we thank our supporters for their ongoing financial support to our charity. The financial landscape is more challenging than ever, and it is imperative that we remain adaptable and innovative. As we look to the future, we are committed to refining our strategies, widening our outreach, and strengthening our impact. This will require not only maintaining the high standards we have set but also embracing new ideas and perspectives.
As we move forward, I am filled with a profound sense of optimism and enthusiasm for what lies ahead for FACES. Together with our local partners, staff, volunteers and supporters, we will continue to develop and deliver the services that are needed to make a lasting impact in our community.
Page 4
## **A n n u a l R e p o r t 2 0 2 3 - 2 0 2 4**
## **I n t r o d u c t i o n f r o m t h e C E O**
This year has been my first full year as Chief Executive for FACES and what a year it has been. We started April 2023 with a new logo to rebrand FACES for its 10th anniversary. We celebrated this with a party, inviting our families, volunteers, staff and trustees. We also held a Charity Ball and raised £8,396.09 on the night. In September 2023 we held a Team Away Day where fi trustees and staff collaborated together to write a 5 year business strategy with exciting things planned ahead for FACES. Eve Burt resigned from her position as chair after 25 years with the charity and Jennie Bayliss has taken on this role. Eve has been invited to stay on as Patron. We could not do what we do without our highly dedicated volunteers who give up many hours of their precious time to ensure families feel supported and their children can thrive.
I also would like to personally thank our trustees for their support in building relationships with the staff and understanding the charity in detail, including joining the team for events and lunchtimes. Over the last year we have achieved all our strategic objectives, and as a result have reached over 5000 children, young people and families.
Highlights for us have been securing funding for our core services and resourcing new funding streams to open new projects and support services, including a service especially for Dads and those families with children with additional needs. We have also implemented a new data system to streamline our referrals and the work we do which allows for more efficient working.
We have been overwhelmed by the generosity of local businesses and organisations who have fundraised for us or chosen us as their Charity of the Year. Without these unrestricted funds we would not be in the financial position that we are heading in to 2025. I am confident that FACES will continue to go from strength to strength, delivering vital support to the children, young people and families who need us the
> most. JLT
Page 5
## **A n n u a l R e p o r t 2 0 2 3 - 2 0 2 4**
## **R e p o r t f r o m t h e B o a r d o f T r u s t e e s**
The Board presents its report and financial statements for the year ended 31st March 2024.
## **Objectives and Activities**
FACES’ objective is to offer services and support to children, young people and their families that: Promote safeguarding Improve physical and mental health Increase knowledge and skills Reduce poverty and need We will achieve this by working collaboratively with other agencies to deliver the best possible outcomes. — _A
## **Appointment of Board Members**
The Board Members, who are the trustees of FACES and the directors of the company for the purposes of the Companies Act, are also members of the company.
Board Members are recruited and co-opted following the requirements of the governing documents and when appropriate; a skills audit is carried out. All new board members co-opted stand for election by the members at the next Annual General Meeting.
## **Induction and Training of Board Members**
To help new Board Members become familiar with FACES work and with their new duties, they have an opportunity to visit the FACES office to meet staff and be briefed about FACES.
Each Board Member will receive an application pack during their initial interview with the Chairman and Board.
Page 6
## **A n n u a l R e p o r t 2 0 2 3 - 2 0 2 4**
## **R e p o r t f r o m t h e B o a r d o f T r u s t e e s**
New members have an induction session to spend time with the CEO and/or the Chairman to work through the induction pack and be updated on current issues.
## **Mission Statement**
FACES supports families so that they can provide a safer, happier and healthier home in which their children can thrive and reach their full potential.
## **Vision**
To become the pre-eminent charity for the provision of early help services
to children in Bedford Borough.
To remain flexible, spontaneous and creative to meet the changing needs of the local community. To recruit both employees and volunteers from the local community and provide them with high quality training to give back to our community. — A
## **Risk Assessment**
The major risks to which FACES are exposed as identified by the Board, have been reviewed and systems or procedures have been established to manage those risks on an ongoing basis.
## **Governing Documents**
The Board Members meet quarterly to review and set strategic objectives. Regular monitoring of FACES principal activities are delegated to sub-groups:
- Finance, Quality and Health & Safety
- People
- Business, Marketing & Fundraising
This structure enables a clear focus on policy and procedure review and offers managerial support within a clear framework.
Page 7
**----- Start of picture text -----**
F
**----- End of picture text -----**
## FACES "
## **A n n u a l R e p o r t 2 0 2 3 - 2 0 2 4**
## **R e p o r t f r o m t h e B o a r d o f T r u s t e e s**
The CEO is responsible for the day-to-day management of FACES affairs, for implementing policies agreed by the Board and is assisted by a team of practitioners and support staff.
FACES is firmly rooted in the local community and is known by our partners to be proficient and competent in engaging with the families who do not traditionally access universal services.
We reach families through a team of dedicated and inspirational volunteers and staff who offer support to parents and young people which enables us to deliver non-stigmatising and respectful ‘Early-Help’ services.
FACES' aspiration is that children are safe, healthy and creative with the personal confidence, skills and opportunities to achieve and contribute more than thought possible and that they are supported in being part of resilient, healthy and happy families.
**Think FACES!** We will ensure that our volunteers and staff receive regular training and support. We will work closely with partners to learn with them & from them.
**A Whole Systems Approach:**
**Think Family** We will engage a full range of partners to **Think Child** help parents provide a **Think** We will ensure that safer, healthier and **Community** we understand our happier home for We will understand and local populations of their children. engage with the communities children and young people we serve. We will apply a 1 ee by taking action as soon as ’bottom-up’ approach when possible to tackle | identifying support needs emerging problems. and tailoring services to meet those needs.
Page 8
**A n n u a l R e p o r t 2 0 2 3 - 2 0 2 4** —_—$§—_— ~~Am~~ ag ~~qo~~ **R e p o r t f r o m t h e B o a r d o f T r u s t e e s**
## **Measuring our Social Impact**
FACES measures the extent to which our work makes a difference and how outcomes are achieved through regular evaluation with families, volunteers and referrers.
We have developed a web outcome tool which is child-focused and designed to capture the ioe ‘A ye < journey of change for each family and their child(ren). We use this tool to summarise how well we are doing on specific areas of support such as Domestic Abuse and SEND as well as to document safeguarding issues and concerns etc.
## **Safeguarding Children**
FACES is committed to-
Promoting a culture where issues about safeguarding the welfare of children are addressed and that there is a clear line of accountability.
Ensuring that we comply with the Local Safeguarding Children Board procedures.
ANmoe-_~~ Page 9 sd ~~A~~
Page 9
## **A n n u a l R e p o r t 2 0 2 3 - 2 0 2 4**
## **R e p o r t f r o m t h e B o a r d o f T r u s t e e s**
## **Partnership Working**
FACES' aim is to improve services and outcomes for children and their families. FACES has an excellent reputation for working in partnership with different agencies such as health, social services, voluntary organisations and education, ensuring services are complementary, co-ordinated and community-orientated. Developing these relationships has ensured that FACES remains consistent in offering a tailored package of support which is unique to the services it offers.
FACES participates in various partnership working and development boards to ensure that the services offered are effective, joined-up and shaped around individuals and communities.
These external involvements include:
- Member of The Bedfordshire Advice Forum
- Member of The Bedfordshire Benefits Network
- Member of The Beds Mental Health Alliance Citizens of Bedford
- Member of The Bedford Borough’s Food Providers Meeting Member of VOCypf Executive Committee
- Member of Pan Beds Neglect Strategy Meeting
- Consortium Partner of the Early Childhood Partnership
- Family Hubs Wider Community Meetings
- Volunteer Coordinator Meetings
In addition; FACES continues to share resources with other local voluntary organisations including training opportunities, mentoring support and consultation.
Page 10
## **A n n u a l R e p o r t 2 0 2 3 - 2 0 2 4**
## **R e p o r t f r o m t h e B o a r d o f T r u s t e e s**
## **Moments and Milestones - from April 2023 - March 2024**
## **8 6**
Fresh food parcels given out to working families during the school holiday periods.
**1 3 1** Easter eggs hand-delivered by the Easter Bunny.
Parents and children attended our King’s Coronation Party (Funded by Nisa Local).
Parents and children attended our 10th Anniversary Party.
**1 4 9**
**1 6**
Page 11
## **A n n u a l R e p o r t 2 0 2 3 - 2 0 2 4**
## **R e p o r t f r o m t h e B o a r d o f T r u s t e e s**
## **Moments and Milestones - from April 2023 - March 2024**
## **2 2 4**
Parents and children attended our summer trip to Gulliver’s Land.
**9 5**
Children received Christmas gifts from Santa’s Pop-Up Shop.
**2 0 4**
Parents and children attended
our Christmas party where each child received a wrapped gift from Santa.
## **1 0 9 0**
Referrals for support were received and fulfilled by the Baby Bank.
Page 12
**Volunteers**
## **A n n u a l R e p o r t 2 0 2 3 - 2 0 2 4**
# **R e p o r t f r o m t h e B o a r d o f T r u s t e e s**
_I was attracted to volunteering with FACES when I moved to Bedford because I wanted to be involved with a charity that directly impacted people in the town and borough. Hearing about the diverse range of projects that FACES provides really impressed me as well as the dynamic way they respond to needs in the community - for example the fresh food support for working parents that they’ve provided over the past two summers._
_I asked to help with the Emotion Detectives programme due to my own personal interest in child psychology and because it sounded like such a good way to reach children who may be struggling but whose needs are not acute enough to be eligible for state funded support. I have learnt so much from the practitioner and from being ‘on the job’. I love the variety of children we have gotten to know and the schools we have visited. With rising rates of anxiety and mental health crises among young people, it has been so rewarding to feel I am making_ | _a tiny difference on a personal and local level, to this major modern problem._ **Kirsten - Volunteer since April 2023** _s$ iy |
FACES volunteers reflect the diversity of our communities. They provide us with insight into their lives and of the area they live in. We value and encourage time in the volunteer training to discuss life experiences. This forms a key part of the learning which has been invaluable in creating and improving services, promoting volunteering opportunities and gives a better understanding of family life in Bedford.
We have robust safer recruitment policies and procedures. All volunteers attend the 30 hour induction training and complete the LSCB e-learning on Awareness of Child Abuse and Neglect as part of this compulsory process.
Volunteers are supervised on a regular basis in line with the family review. This is on average every six weeks for the majority of our volunteers. During this supervision, volunteers are encouraged to develop their skills through further e-learning in areas of interest to them such as Mental Health or Domestic Abuse etc.
Our volunteers come to us with a variety of reasons for wanting to volunteer. Some are empty nesters and some want to explore the possibility of working to bring more experience to vocational and further educational courses. We welcome applications from anyone who has previously been supported by FACES and feel they want to give back.
Page 13
## **A n n u a l R e p o r t 2 0 2 3 - 2 0 2 4**
## **F u n d e r s & S u p p o r t e r s**
Page 14 ~~A Chari~~ table T ~~rustcreated byHorace, Marjorie andRo~~ nald Gale
**A n n u a l R e p o r t 2 0 2 3 - 2 0 2 4** FR ~~ee~~
## **T r u s t e e s R e s p o n s i b i l i t i e s f o r t h e A c c o u n t s**
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 Accepted Accounting Practice).
The law applicable to charities in England and Wales requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity 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 in the Charity SORP.
- Make judgements and estimates that are reasonable and prudent.
- 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 proper accounting records that 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 Companies Act 2006, Financial Reporting Standards in so far as they are appropriate to the charity, and with the Statements of Recommended Practice issued by the Charity Commission.
They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. In so far as the Trustees are aware:
- There is no relevant information of which the company's reporting accountants are unaware; and
- The Trustees have taken all steps that they ought to have taken to make themselves aware of any relevant information and to establish that the reporting accountants are aware of that information.
Page 15 ia ~~a~~
## **A n n u a l R e p o r t 2 0 2 3 - 2 0 2 4**
## **I n d e p e n d e n t E x a m i n e r ' s R e p o r t t o t h e T r u s t e e s o f F A C E S B e d f o r d**
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2024.
## **Responsibilities and basis of report**
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 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'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.
## I **ndependent examiner's statement**
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a registered member of FCA which is one of the listed bodies.
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:
1. Accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
2. The accounts do not accord with those records; or
3. The accounts do not comply with the accounting requirements of section 396 of the 2006 Act 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; or
4. The accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
Page 16
## **A n n u a l R e p o r t 2 0 2 3 - 2 0 2 4**
## **I n d e p e n d e n t E x a m i n e r ' s R e p o r t t o t h e T r u s t e e s o f F A C E S B e d f o r d**
There are 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.
**Louise Tunley** FCA CTA DChA
ICAEW, Chartered Accountant
19 Goldington Road Bedford MK40 3JY
**Date:** 25 September 2024
Page 17
## **A n n u a l R e p o r t 2 0 2 3 - 2 0 2 4** ia ~
## **S t a t e m e n t o f F i n a n c i a l A c t i v i t i e s**
## **For the Year Ended 31/03/2024**
|Funds
**Income &**
**Endowments From -**|Note Unrestricted Restricted Total Funds Total Funds
Funds|Note Unrestricted Restricted Total Funds Total Funds
Funds£Funds£ **2024** £2023£|
|---|---|---|
|Donations and Legacies|2
74,231 243,480 317,711 261,684|74,231 243,480 317,711 261,684|
|Income from Investments|3 5,261 - 5,261 1,993|3 5,261 - 5,261 1,993|
|Other Income|180 - 180 -|180 - 180 -|
|**Total**|79,672 243,480|79,672 243,480**323,152**263,677|
|**Expenditure On -**|||
|Raising Funds
|**4**|**4**132,297 229,119 361,416 278,992|
|Other
|**5**|**5**1,476 - 1,476 3,413|
|**Total**
||133,773 229,119 362,892 282,405|
|**Net Income**
||(54,101) 14,361 (39,740) (18,728)|
|**Reconciliation of Funds**|**Reconciliation of Funds**||
|Total Funds Brought Forward
||149,291 122,229 271,520 290,248|
|Total Funds Carried Forward
||95,190 136,590 231,780 271,520|
Page 18
ia
## **A n n u a l R e p o r t 2 0 2 3 - 2 0 2 4** ~
## **B a l a n c e S h e e t**
|**A n n u a l R e p o r t 2 0 2 3 - 2 0 2 4**
ia|**B a l a n c e S h e e t**
**A n n u a l R e p o r t 2 0 2 3 - 2 0 2 4**
~
~~FAGE~~S|**B a l a n c e S h e e t**
**A n n u a l R e p o r t 2 0 2 3 - 2 0 2 4**
~
~~FAGE~~S|
|---|---|---|
||Note Unrestricted Restricted Total Funds Total Funds||
|Funds
**Fixed Assets**|Funds|Funds£Funds£ **2024** £2023£|
|Tangible assets|2,823 - 2,823 4,299
10|2,823 - 2,823 4,299|
|**Current Assets**|||
|Debtors|11 7,526 20,734 28,260 42,727|11 7,526 20,734 28,260 42,727|
|Cash in Hand|141,707 150,810 292,517 277,626|141,707 150,810 292,517 277,626|
|**Total**||149,233 171,544 320,777 320,353|
|**Creditors**|||
|Amounts Falling Due
Within One Year|12 56,867 34,953 91,820 53,132|12 56,867 34,953 91,820 53,132|
|**Net Current Assets**|92,366 136,591 228,957 267,221|92,366 136,591 228,957 267,221|
|**Total Assets Less**
**Current Liabilities**|95,189 136,591 231,780 271,520|95,189 136,591 231,780 271,520|
||||
|**Net Assets**|||
|**Funds**|**13**||
|Unrestricted Funds|95,190 149,291|95,190 149,291|
|Restricted Funds:|||
|Friends of FACES Bedford
65,154 70,121||65,154 70,121|
|Dad & Me|231 -|231 -|
|ECP|26,703 26,704|26,703 26,704|
|House of Industry - Crisis Funding|House of Industry - Crisis Funding
11,887 5,066||
|Big Local|- 1,246|- 1,246|
|Henry Smith- Early Help
- -||- -|
|Covanta - Emotion Detectives|Covanta - Emotion Detectives
- 1,027|- 1,027|
Page 19
|**A n n u a l R e p o r t 2 0 2 3 - 2 0 2 4**
Emergency Covid Funding
- 12,589
ia|**A n n u a l R e p o r t 2 0 2 3 - 2 0 2 4**
- 12,589
~|**A n n u a l R e p o r t 2 0 2 3 - 2 0 2 4**
- 12,589
~|- 12,589
~~FAGE~~S|
|---|---|---|---|
|Panacea - Empowered@FACES
- 1,745|- 1,745|- 1,745|- 1,745|
|Harpur Trust - #SEEN
22,855 3,385|22,855 3,385|22,855 3,385|22,855 3,385|
|Multi Tots
- 347|- 347|- 347|- 347|
|Family Action Grants
1,413 -|1,413 -|1,413 -|1,413 -|
|Bedford Blues - HAF
6,218 -|6,218 -|6,218 -|6,218 -|
|Lunch Box
140 -|140 -|140 -|140 -|
|Senditots
2,270 -|2,270 -|2,270 -|2,270 -|
|**Total**
136,590 122,229|136,590 122,229|136,590 122,229|136,590 122,229|
|**Total Funds**
|||**231,780**271,520|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for -
(a) Ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
(b) Preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies’ regime.
The financial statements were approved by the Board of Trustees and authorised for issue on 25/09/2024 and were signed on its behalf by:
> J Bayliss – Trustee Sy hee Date: 25 September 2024
Page 20
## **A n n u a l R e p o r t 2 0 2 3 - 2 0 2 4**
## **Notes to the Financial Statements for the Year Ending 31/03/2024 -**
## **1 . Accounting Policies**
## **Basis of preparing the financial statements**
The financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
Subsequently to the year end, the global health crisis caused by Coronavirus (COVID-19) has had a significant impact on all businesses. The trustees have assessed the potential impact of this uncertain situation on the charity and does not consider that it will lead to any subsequent impairment of the reported amount of the value of assets. Contingency plans have been put in place in order to mitigate the negative effects of any period of interrupted trading, which will enable the charity to continue as a going concern.
## **Income**
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
## **Expenditure**
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, 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 is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Where costs cannot be directly attributed to particular headings, they have been allocated to activities on a basis consistent with the use of resources.
## **Raising funds**
Restricted funds are to be used for specified purposes laid down by the donor. Expenditure for those purposes is charged to the fund, together with a fair allocation of overheads and support costs.
Page 21
## **A n n u a l R e p o r t 2 0 2 3 - 2 0 2 4**
Unrestricted funds are donations and other incoming resources received or generated for expenditure on the general objectives of the charity.
Designated funds are unrestricted funds which have been designated for specific purposes by the trustees.
## **Pensions**
The charity operates a defined contribution pension scheme for the benefit of the employees. The assets of the scheme are administered by trustees in a fund independent from those of the charity. Contributions payable to the charity's pension scheme are charged to the profit and loss account in the period to which they relate.
## **Tangible fixed assets**
Depreciation is calculated to write down the cost of fixed assets over their expected useful lives.
The rates and methods generally applicable are:
Fixtures and fittings 15% - on cost Office equipment 15% - on cost Computers 15% - on cost
Fixed assets are stated at cost less accumulated depreciation. Minor additions of less than £250 are not capitalised.
## **Taxation**
The charity is exempt from corporation tax on its charitable activities.
**2 . Donations and Legacies 2024** (£) 2023 (£) Donations 69,605 42,811 Local Giving Donations 11,605 5,056 Grants 236,501 213,817 **Total** 317,711 261,684
## **3 . Investment Income**
Investment Income 5,261 1,993
Page 22
## **A n n u a l R e p o r t 2 0 2 3 - 2 0 2 4**
## **4 . Raising Funds**
**----- Start of picture text -----**
|||
|---|---|
|Raising Donations and Legacies - 2024|(£) 2023 (£)|
|Staff Costs 240,692 190,092|
|Sessional Worker 1,191 653|
|Rent and Utilities 8,537 17,068|
|Telephone 3,760 4,142|
|Postage and stationery 1,705 504|
|Other office 375 520|
|Training 1,820 3,415|
|Health and safety 374 356|
|Computer equipment 6,084 6,033|
|Special purchases 330 -|
|Family event charges 4,578 4,176|
|Training room hire and refreshments 1,469 1,373|
|Grant aid to the needy 18,582 14,042|
|Crisis aid 6,421 7,407|
|Sundry expenses - 474|
|Staff, volunteer and committee expenses 11, 057 7,604|
|Insurance 3,308 2,809|
|Subscriptions and publications 939 1,037|
|External provision of courses 5,567 4,590|
|Fund raising costs 639 933|
|Children’s resources 825 955|
|Lunchbox costs 6,282 -|
|Support costs 14,437 10,809|
|Building Costs 19,008 -|
|Baby Bank 750 -|
|Equipment for Groups 441 -|
|Transport costs (Families) 262 -|
|Office Equipment 1,983 -|
|Total 361,416|278,992|
|5 . Other|
|Depreciation 1,476 3,413|
**----- End of picture text -----**
Page 23
## **A n n u a l R e p o r t 2 0 2 3 - 2 0 2 4** ia ~
## **6. Net Income / Expenditure**
Net income/(expenditure) is stated after charging/(crediting)
**2024** (£) 2023 (£) Depreciation - owned assets 1,476 3,413
## **7 . Trustees’ Remuneration and Benefits**
There were no trustees' remuneration or other benefits for the year ended 31.03.2024 nor for the year ended 31.03.2023.
There were no trustees' expenses paid for the year ended 31.03.2024 nor for the year ended 31.03.2023.
## **8 . Staff Costs**
The average monthly number of employees during the year was as follows:
||**2024**2023|2023|
|---|---|---|
|Operational 6 6|Operational 6 6|Operational 6 6|
|Administrative 3 3|Administrative 3 3|Administrative 3 3|
|
9 9|9 9|9 9|
No employees received emoluments in excess of £60,000.
## **9 . Comparatives for the Statement of Financial Activities 31.03.2023**
|**Activities 31.03.2023**||
|---|---|
||Unrestricted Restricted Total|
|**Income &**||
|Funds
**Endowments From -**|Funds£Funds£Funds£|
|Donations and Legacies
46,677 215,007 261,684|46,677 215,007 261,684|
|Income from Investments
1,993 - 1,993|1,993 - 1,993|
|Other Income||
|- - -|- - -|
|**Total**
48,670 215,007 263,677|48,670 215,007 263,677|
Page 24
## **A n n u a l R e p o r t 2 0 2 3 - 2 0 2 4** ia **Expenditure On -** ~
## **Expenditure On -**
|Raising Funds||39,987 239,005 278,992|
|---|---|---|
|Other||3,413 - 3,413|
|**Total**|43|43,400 239,005 282,405|
|**Net Income**
5,270 (23,998) (18,728)|5,270 (23,998) (18,728)|5,270 (23,998) (18,728)|
|**Reconciliation of Funds**|||
|Total funds brought forward||144,021 146,227 290,248|
|Total funds carried forward|Total funds carried forward|149,291 122,229 271,520|
||||
|**10 . Tangible Fixed Assets**
**Cost**|Office Fixtures & Computer Total
Equipment Fittings Equipment£||
|at 01.04.2023||2,800 9,834 9,280 21,914|
|Additions||- - - -|
|Disposal||- - - -|
|at 31.03.2024||2,800 9,834 9,280 21,914|
|**Depreciation**|||
|at 01.04.2023||2,800 5,535 9,280 17,615|
|Charge for 1 Year||- 1,476 - 1,467|
|at 31.03.2024||2,800 7, 011 9,280 19,091|
|**Net Book Value**|||
|at 01.04.2023||- 2,823 - 2,823|
|at 31.03.2024||- 4,299 - 4,299|
|**11 . Debtors: Amount Falling within One Year**
**2024**(£) 2023 (£)|||
|Other Debtors 10,210 5,281|Other Debtors 10,210 5,281|Other Debtors 10,210 5,281|
|Prepayments and accrued income 18,050 37,446|||
|**Total**28,260 42,727|28,260 42,727|Page 25
28,260 42,727|
|**A n n u a l R e p o r t 2 0 2 3 - 2 0 2 4**
**12 . Creditors: Amount Falling within One Year**
ia|**A n n u a l R e p o r t 2 0 2 3 - 2 0 2 4**
**12 . Creditors: Amount Falling within One Year**
~
~~EAGE~~S©|
|---|---|
||**2024**(£) 2023 (£)|
|Social security and other taxes 4,501 3,645|Social security and other taxes 4,501 3,645|
|Other creditors 17,836 8,257|Other creditors 17,836 8,257|
|Accruals 34,530 16,490|Accruals 34,530 16,490|
|Deferred income 34,953 24,740|Deferred income 34,953 24,740|
|**Total**91,820 53,132|91,820 53,132|
|||
|**13 . Movement in Funds**|01.04.2023 Net Movement 31.03.2024|
||(£) in Funds (£)|
|Unrestricted Funds 149,291 (54,101) 95,190|Unrestricted Funds 149,291 (54,101) 95,190|
|Restricted Funds 122,229 14,361 136,590|Restricted Funds 122,229 14,361 136,590|
|
**Total**271,520 (39,740) 231,780|271,520 (39,740) 231,780|
## **14. Related Party Disclosures**
There are no transactions with related parties to be disclosed under the 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 January 2015).
## **15. Ultimate Controlling Party**
The trustees are the charity's controlling party by virtue of their office. As such there is no single or ultimate controlling party.
## **16. Capital**
The charity has no share capital. The liability of members is limited by guarantee and does not exceed £1 per member. At 31st March 2024 there were 9 members (31st March 2023 - 9).
Page 26
**A n n u a l R e p o r t 2 0 2 3 - 2 0 2 4** ia ~
## **D e t a i l e d S t a t e m e n t o f F i n a n c i a l A c t i v i t i e s**
## **F o r T h e Y e a r E n d e d 3 1 . 0 3 . 2 0 2 4**
|**Income and Endowments**|**2024**(£) 2023 (£)|
|---|---|
|Donations 69,605 42,811|Donations 69,605 42,811|
|Local Giving Donations 11,605 5,056|Local Giving Donations 11,605 5,056|
|Grants 236,501 213,817|Grants 236,501 213,817|
|**Total**|**317,711**261,684|
|Investment Income 5,261 1,993|Investment Income 5,261 1,993|
|Other Incoming Resources 180 -|Other Incoming Resources 180 -|
|Recharge of Staff Cost - -|Recharge of Staff Cost - -|
|Retained Training Course Deposits - -|Retained Training Course Deposits - -|
|Miscellaneous Income - -|Miscellaneous Income - -|
|**Total**|**5,441**1,993|
|**Total Incoming Resources 323,152**|**Total Incoming Resources 323,152**263,677|
|||
|**Expenditure**|**2024**(£) 2023 (£)|
|Salaries 236,315 186,381|Salaries 236,315 186,381|
|Pensions 4,324 3,606|Pensions 4,324 3,606|
|Recruitment Costs 53 106|Recruitment Costs 53 106|
|Sessional worker 1,191 653|Sessional worker 1,191 653|
|Rent and utilities 8,537 17,068|Rent and utilities 8,537 17,068|
|Telephone 3,760 4,142|Telephone 3,760 4,142|
|Postage and stationery 1,027 504|Postage and stationery 1,027 504|
|Printing 678 520|Printing 678 520|
|Training 1,820 3,415|Training 1,820 3,415|
|Health and safety 374 356|Health and safety 374 356|
|Computer equipment 6,084 6,033|Computer equipment 6,084 6,033|
|Special purchases 330 -|Special purchases 330 -|
|Family Event Charges 4,578 4,176|Family Event Charges 4,578 4,176|
Page 27
## **A n n u a l R e p o r t 2 0 2 3 - 2 0 2 4 Expenditure (cont.)** ia ~
**----- Start of picture text -----**
|||
|---|---|
|Training Room Hire and Refreshments 1,469 1,373|
|Grant Aid to the Needy 18,582 14,042|
|Crisis Aid 6,421 7,407|
|Sundry Expenses 375 474|
|Staff, Volunteer and Committee Expenses 11,057 7,604|
|Insurance 3,308 2,809|
|Subscriptions and Publications 939 1,037|
|Fund Raising Costs 639 933|
|External Provision of Courses 5,567 4,590|
|Children Resources 825 955|
|Lunchbox Costs 6,282 -|
|Baby Bank 750 -|
|Transport for Families 262 -|
|Equipment for Groups 441 -|
|Office Equipment 1,983 -|
|Building Costs 19,008 -|
|Total 346,979|268,184|
|Raising Donations and Legacies|
|Fixtures and Fittings 1,476 1,476|
|Computer Equipment - 1,937|
|Total|1,476 3,413|
|Support Costs|
|Salary Administration 792 756|
|Bank Charges 333 396|
|Meeting Expenses 673 -|
|Office Expenses 872 585|
|Cleaning 672 180|
|Professional Fees 9,839 7,638|
|Marketing 836 853|
|Total 13,972|10,408|
|Independent Examination Fee 465 400|
|Total Resources Expended 362,892|282,405|
|Net Income / (Loss) (39,740) (18,728)|
**----- End of picture text -----**
Page 28
## **A n n u a l R e p o r t 2 0 2 3 - 2 0 2 4**
01234 270601 office@facesbedford.org FACESBedford faces_bedford www.facesbedford.org
**FACES Bedford** Church Lane Community Centre 147 Church Lane Bedford MK41 0PW