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2021-09-30-accounts

REGISTERED COMPANY NUMBER: 05321038 (England and Wales) REGISTERED CHARITY NUMBER: 1110927

REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2021

FOR

FAVOUR FOUNDATION LTD.

FAVOUR FOUNDATION LTD.

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2021

Page
Report of the Trustees 1 to 6
Independent Examiner's Report 7
Statement of Financial Activities 8
Balance Sheet 9
Notes to the Financial Statements 10 to 15

FAVOUR FOUNDATION LTD. (REGISTERED NUMBER: 05321038)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 SEPTEMBER 2021

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 30 September 2021. The trustees have adopted the provisions of 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 2019).

Page 1

FAVOUR FOUNDATION LTD. (REGISTERED NUMBER: 05321038)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 SEPTEMBER 2021

OBJECTIVES AND ACTIVITIES

Objectives and Aims

The objects of the Charity are to advance for the benefit of the community of Grimsby/ Cleethorpes and the surrounding area all such purposes as are charitable in accordance with the laws of England from time to time including but not limited to, the relief of all people in that area who by reason of their disability, age, infirmity, sickness, social or economic circumstances or caring responsibilities have a need of health, social care or other related community services or recreational facilities by the provision of information, advice, support, education and training and other services and facilities calculated to relieve those needs.

Your Place has been serving the people of East Marsh (an area identified as being in the top 2% most deprived areas in the country) for the past 21 years. It is a very busy community hub and a 'Friend in the Neighbourhood'. We are open Monday - Friday and, in partnership with local people provide a very wide range of creative, educational, social activities and volunteering opportunities that are open to all

Your place has a 'family' feel. It is a home from home and a bolt hole away from the pressures and difficulties that the people of our area have to cope with on a day-today basis. We do not have 'clients' we have 'friends' and our volunteer photos (which we proudly have on display) are called 'Family Photos'.

The need for our work:

The many problems in our community include a very high proportion of unemployment a high and rising drug culture, a rising crime level (often alcohol related), a high level of domestic violence and a very high level of teenage pregnancies. A person living in East Marsh has poorer health and is likely to live a shorter life than the average person in the UK. They are less likely to be employed and are more likely to suffer from depression, self-esteem problems and mental illness. If they are not the victim of crime, they will without doubt be subject to the fear of crime - which in our area is known by the police as being disproportionately high. They will often have low aspirations - not only for themselves but also for their children, who will be less likely to achieve either in school or in their work life. Lack of confidence, social isolation, learning disabilities, debt, drug and alcohol dependency are all too common.

Our weekly services and activities:

With the help of many local people who volunteer at Your Place we have developed a very wide range of services and activities, which are open to all, regardless of ability, confidence, situation and motivation. People who begin by attending one activity often access other activities we offer and become part of the Your Place 'community'.

Our activities include:

" Volunteer/supported volunteer opportunities

" An Information and Referral Service

" Weekly groups including Keep Fit, Walking Group, Games/Quizzes, Art and Craft, Sewing, Creative writing, Gardening

" A Scratch Cookery course (winter months only)

" Annual Community Events (always well attended) including Fun Days, Community Crafts, Open Garden Events, and opening our lovely gardens as part of the National Garden Scheme.

" Carers events (delivered in partnership with a local Carers Centre and Mental Health Provider).

We have also transformed a 1.5 acre piece of neglected and vandalised land which was a local eye-sore (and home to vermin) into a beautiful community area, and an extensive horticultural facility with a large polytunnel and vegetable garden. This work has developed greatly in recent years and with the help of a brilliant team of local volunteers, led by our dedicated Garden Volunteer Coordinator provides plants and advice for local people. We have developed a large plant pot recycling scheme, a composting scheme and have been able to visit many other organisations to give horticultural talks and demonstrations. We are very proud of our environmental credentials: we grow our plants and vegetables organically from donated/collected seeds and from cuttings, use 100% peat free compost, never use any chemicals in the control of garden pests, use only recycled plant pots and seed trays, compost our garden waste (which we use in our garden as a mulch to eliminate the need for watering our flower beds/vegetable garden, recycle garden tools and equipment, whenever possible use recycled/sustainable material in building projects.

THE PEOPLE WE SERVE

The people who come to Your Place include those who would otherwise be socially isolated, have mental health problems/depression, low confidence/self-esteem; are long-term unemployed, ex-offenders; are caught up in drug/alcohol addiction; have physical problems including poor nutrition/obesity/lack of exercise, financial/benefit problems, poor literacy and numeracy skills or learning difficulties; people who feel they do not 'fit in' or feel excluded or on the 'fringe' of society.

Page 2

FAVOUR FOUNDATION LTD. (REGISTERED NUMBER: 05321038)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 SEPTEMBER 2021

We also work with local schools, who bring their children to do environmental/ gardening studies in our beautiful garden.

ACHIEVEMENT AND PERFORMANCE

Achievements and Performance

Over the years we have become a trusted 'Friend in the Neighbourhood' and a 'Hub' of information and community activity. We have worked very hard to create a positive and non-judgemental culture, where all are treated with respect and compassion, and where people are 'listened to and valued'. By far, our main successes are the people whose lives have been changed through our work. It has been our privilege to work with people who have overcome things like drug/alcohol problems, mental health problems, low self-esteem or depression. It is a great privilege to see such people moving on and turning their lives around.

FINANCIAL REVIEW

Funders

This year Your Place has been generously funded by: The Henry Smith Charity, The East Coast Community Fund, The Trusthouse Charitable Foundation the Covid 19 Response Fund and the Longhurst Group.

Reserves policy

The Trustees have examined the Charity's requirement for reserves in light of the main risks to the organisation. It has established a policy to keep this under review and ensure that the necessary steps can be taken when appropriate. The incoming resources for the year amounted to £81,906 (2020: £68,010) and the outgoing resources for the year amounted to £84,865 (2020: £75,140) resulting in a deficit of £2,959 (2020: £7,130).

Page 3

FAVOUR FOUNDATION LTD. (REGISTERED NUMBER: 05321038)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 SEPTEMBER 2021

FUTURE PLANS

We plan to further develop the reach and effectiveness of Favour Foundation Ltd. by:

In our consideration of the effects of the COVID 19 situation, we put in place an 'Action Plan' which proved to be an effective way to navigate the 'choppy waters' of Covid. It was a steep but useful learning curve and has enabled us to learn new skills and 'ways of doing things' which have equipped us as we move forward.

FAVOUR FOUNDATION LIMITED - YOUR PLACE

Throughout the Covid Pandemic we were able to continue to support those we serve in 'different ways'. This included telephone/text support, take-out activity packs, and doorstep visits for those who needed them. We launched a Facebook page which was a great way to keep people connected and in fact increased the number of people we reach. Our Walk Leader took people on a 'virtual walk' each week by posting photos and short films highlighting the history of the various places the walk took him. These walks were re-posted by our local Tourist Information Bureau and we are glad to say that we have now been able to resume our walking group. We were very grateful for the support and understanding of our funders who were happy for us to adapt the services we offer in response to the changing situation. We were also very grateful to receive a grant from the COVID Response Fund, which 'bridged the gap' left by one of our potential funders who had to pause our funding application due to the pandemic.

Financial sustainability/fundraising: All our funders were very supportive and were happy to continue to fund us throughout the pandemic. We kept them updated regarding the changes we made and were successful in our application for continuation funding for which we are very grateful.

Our staff, volunteers and beneficiaries : Two of our staff members had a period of furlough during the height of the pandemic but this did not affect our ability to operate as we were able to re-allocate work to other members of staff. Volunteers and beneficiaries have now returned, and numbers are building up as people's confidence in meeting together grows.

Financial and operational effects: The COVID 19 crisis brought us some financial challenges and we had to pro-actively monitor and adapt our funding strategy, but we are grateful that we are now emerging from the pandemic in good shape. We are also happy to say that operationally we are in a good place, having now re-opened our facilities (while being vigilant to observe new changes in the restr ictions as they are introduced).

Future activities: As has been our practice in the past, we will continue to develop and adapt our activities in partnership with the people wh o use the centre.

Existing/potential defined benefit pension liability : there are no such implications for us.

Reserves policy: While it is possible that we might have to use some of our reserves we feel it is unlikely.

FAVOUR FOUNDATION LIMITED- GRIMSBY NEIGHBOURHOOD CENTRE

Our conferencing and training facilities continue to be a popular facility for charitable organisations, voluntary groups and professional bodies. We have organisations and groups who continue to use the facility on a regular basis, and we continue to receive positive feedback from users of the facilities.

After a period of closure due to the pandemic we opened the Centre for business again in July 2020 following Government guidelines. We saw some new clients using the facilities but the long term effect of Covid-19 has meant that some groups and businesses have not returned. Due to the controls which were put in place, such as 2 meter distancing which we adhered to, the number of people who could be in the same room was restricted and this at times meant our facility was not big enough to accommodate some clients.

With the lifting of the restrictions we have seen some of our former clients return and we have welcomed some new clients which has meant that the Centre is becoming busy again.

Page 4

FAVOUR FOUNDATION LTD. (REGISTERED NUMBER: 05321038)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 SEPTEMBER 2021

Financial sustainability/fundraising:

As mentioned in last years report we were successful in our application for grant funding to cover loss of earnings, which has been an enormous help and has kept us in a good position as we moved forward in our plans to re-open (as restrictions are lifted).

With the increase in business our cashflow situation is reasonably healthy and although our Bookings are not back to what they were we are in a good place financially.

Staff:

Favour Foundation Limited does not employ staff to run Grimsby Neighbourhood Centre. As FFL is a project of Grimsby Neighbourhood Church the Centre is run by volunteers from the Church.

Financial and operational effects:

Thankfully, due to the help we received through grant funding and being careful with expenditure etc we were able to navigate through the pandemic months and come out the other side with a reasonable balance in our bank account, so were able to welcome clients back when they were able to come.

Future activities:

Not all our regular clients have returned to use the Centre which is disappointing but we have had new clients who we have had the opportunity to welcome into our Centre.

One of our annual clients who had to cancel for 2020 and 2021 has booked again with us for 2022 and our local college continue to use the Centre.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The organisation is a charitable company limited by guarantee, incorporated on 23 December, 2004 and charitable status for the company was granted with effect from 18 August, 2005. The company was established under a Memorandum of Association which established the objects and powers of the charitable company and is governed under its Articles of Association. In the event of the company being wound up, all available funds shall go to a charitable cause.

Recruitment and appointment of new trustees

The directors of the company are also charity trustees for the purposes of charity law and under the company's Articles are known as directors. The directors appoint new trustees and recruit from people who have an interest in the objects of the charity.

Risk management

The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.

REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number

05321038 (England and Wales)

Registered Charity number

1110927

Registered office

289a Weelsby Street GRIMSBY DN32 7JW

Trustees

A. Renshaw Miss. S. J. Boyle F. Blakeley Mrs. P. Blakeley F. Murphy

Page 5

FAVOUR FOUNDATION LTD. (REGISTERED NUMBER: 05321038)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 SEPTEMBER 2021

REFERENCE AND ADMINISTRATIVE DETAILS

Independent Examiner

H. J. Spauls F.C.A 12 Abbey Road GRIMSBY DN32 0HL

Bankers

Santander Bridle Road BOOTLE GIR 0AA

PUBLIC BENEFIT

We have referred to the guidance contained in the Charity Commission's general guidance on public benefit and complied with section 17(5) of the 2011 Charities act when reviewing our aims and objectives and in planning our future activities. In particular, the Trustees consider how planned activities will contribute to the aims and objectives they have set.

The public have benefitted from Favour Foundation Limited in many ways including:

Your Place provides: a community-based centre offering a variety of services, activities, and groups, an 'Information and Referral' service, educational and vocational activities, volunteer opportunities, community gardens and a children's playground.

Grimsby Neighbourhood Centre provides: a welcoming and well-equipped meeting and training facility.

Approved by order of the board of trustees on 26 May 2022 and signed on its behalf by:

Miss. S. J. Boyle - Trustee

Page 6

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF FAVOUR FOUNDATION LTD. (REGISTERED NUMBER: 05321038)

Independent examiner's report to the trustees of Favour Foundation Ltd. ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 30 September 2021.

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.

Independent examiner's statement

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

  2. 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

  3. 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)).

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.

Helen Spauls F.C.A. H. J. Spauls F.C.A 12 Abbey Road GRIMSBY DN32 0HL

26 May 2022

Page 7

FAVOUR FOUNDATION LTD.

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 SEPTEMBER 2021

30.9.21 30.9.20
Unrestricted Restricted Total Total
funds funds funds funds
Notes £ £ £ £
INCOME AND ENDOWMENTS FROM
Charitable activities
Core 32,406 49,500 81,906 68,010
EXPENDITURE ON
Charitable activities
Core 45,827 39,038 84,865 75,140
NET INCOME/(EXPENDITURE) (13,421) 10,462 (2,959) (7,130)
RECONCILIATION OF FUNDS
Total funds brought forward 34,096 15,568 49,664 56,794
TOTAL FUNDS CARRIED FORWARD 20,675 26,030 46,705 49,664

The notes form part of these financial statements

Page 8

FAVOUR FOUNDATION LTD. (REGISTERED NUMBER: 05321038)

BALANCE SHEET

30 SEPTEMBER 2021

30.9.21 30.9.20
Unrestricted Restricted Total Total
funds funds funds funds
Notes £ £ £ £
CURRENT ASSETS
Cash at bank and in hand 23,274 26,030 49,304 52,077
CREDITORS
Amounts falling due within one year 7 (2,599) - (2,599) (2,413)
NET CURRENT ASSETS 20,675 26,030 46,705 49,664
TOTAL ASSETS LESS CURRENT LIABILITIES 20,675 26,030 46,705 49,664
NET ASSETS 20,675 26,030 46,705 49,664
FUNDS 8
Unrestricted funds 20,675 34,096
Restricted funds 26,030 15,568
TOTAL FUNDS 46,705 49,664

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2021 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

The financial statements were approved by the Board of Trustees and authorised for issue on 26 May 2022 and were signed on its behalf by:

S. J. Boyle - Trustee

The notes form part of these financial statements

Page 9

FAVOUR FOUNDATION LTD.

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2021

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102 updated by bulletin 1) '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 2019)', 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.

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 cost 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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings - 33% Straight Line

Fixed assets are stated at cost less accumulated depreciation. The cost of minor additions under £200 are not capitalised.

Taxation

The charity is exempt from corporation tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Designated funds have been allocated by the Trustees for specific purposes. The funds have arisen due to the use of volunteers instead of salaried staff to carry out projects which were supported by restricted funding. Each fund that has been designated has been agreed with the original funder.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

2. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

30.9.21 30.9.20
£ £
Independent examiners fee 1,347 1,097

Page 10

FAVOUR FOUNDATION LTD.

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 SEPTEMBER 2021

3. TRUSTEES' REMUNERATION AND BENEFITS

There were no other trustees' remuneration or other benefits for the year ended 30 September 2021 or for the year ended 30 September 2020.

Trustees' expenses

There were no trustees' expenses paid for the year ended 30 September 2021 nor for the year ended 30 September 2020.

4. STAFF COSTS

The average number of employees during the year was 5 (2020 - 5).

There are no employees with emoluments in excess of £60,000 per annum.

5.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
Restricted
funds
funds
£
£
INCOME AND ENDOWMENTS FROM
Charitable activities
Core
58,955
9,055
EXPENDITURE ON
Charitable activities
Core
36,756
38,384
NET INCOME/(EXPENDITURE)
22,199
(29,329)
RECONCILIATION OF FUNDS
Total funds brought forward
11,897
44,897
TOTAL FUNDS CARRIED FORWARD
34,096
15,568
6.
TANGIBLE FIXED ASSETS
COST
At 1 October 2020 and 30 September 2021
DEPRECIATION
At 1 October 2020 and 30 September 2021
NET BOOK VALUE
At 30 September 2021
At 30 September 2020		 Total
funds
£
68,010
75,140
(7,130)
56,794
49,664
Fixtures
and
fittings
£
10,848
10,848
-
-		 Total
funds
£
68,010
75,140
(7,130)
56,794
49,664

Page 11

FAVOUR FOUNDATION LTD.

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 SEPTEMBER 2021

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.21 30.9.20
£ £
Tax 1,508 1,354
Other creditors 1,091 1,059
2,599 2,413
8. MOVEMENT IN FUNDS
Net
At movement At
1.10.20 in funds 30.9.21
£ £ £
Unrestricted funds
General fund 34,096 (13,421) 20,675
Restricted funds
Other - 748 748
Grants for salaries 7,513 4,092 11,605
Grants for garden expenditure 3,065 8,792 11,857
Grants for your place 3,450 (3,130) 320
Grants for carers events
1,540 (40) 1,500
15,568 10,462 26,030
TOTAL FUNDS 49,664 (2,959) 46,705
Net movement in funds, included in the above are as follows:
Incoming Resources Movement
resources expended in funds
£ £ £
Unrestricted funds
General fund 32,406 (45,827) (13,421)
Restricted funds
Other 4,996 (4,248) 748
Grants for salaries 35,567 (31,475) 4,092
Grants for garden expenditure 8,937 (145) 8,792
Grants for your place - (3,130) (3,130)
Grants for carers events
- (40) (40)
49,500 (39,038) 10,462
TOTAL FUNDS 81,906 (84,865) (2,959)

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FAVOUR FOUNDATION LTD.

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 SEPTEMBER 2021

8. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

Net
At movement At
1.10.19 in funds 30.9.20
£ £ £
Unrestricted funds
General fund 11,897 22,199 34,096
Restricted funds
Grants for community projects 345 (345) -
Grants for salaries 26,087 (18,574) 7,513
Grants for garden expenditure - 3,065 3,065
Grants for your place 12,252 (8,802) 3,450
Grants for carers events
1,706 (166) 1,540
Warfdale Foundation 4,507 (4,507) -
44,897 (29,329) 15,568
TOTAL FUNDS 56,794 (7,130) 49,664
Comparative net movement in funds, included in the above are as follows:
Incoming Resources Movement
resources expended in funds
£ £ £
Unrestricted funds
General fund 58,955 (36,756) 22,199
Restricted funds
Grants for community projects - (345) (345)
Grants for salaries 3,990 (22,564) (18,574)
Grants for garden expenditure 5,065 (2,000) 3,065
Grants for your place - (8,802) (8,802)
Grants for carers events
- (166) (166)
Warfdale Foundation - (4,507) (4,507)
9,055 (38,384) (29,329)
TOTAL FUNDS 68,010 (75,140) (7,130)

Page 13

FAVOUR FOUNDATION LTD.

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 SEPTEMBER 2021

8. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined position is as follows:

Unrestricted funds
General fund
Restricted funds
Other
Grants for community projects
Grants for salaries
Grants for garden expenditure
Grants for your place
Grants for carers events
Warfdale Foundation
TOTAL FUNDS		 Net
At
movement
At
1.10.19
in funds
30.9.21
£
£
£
11,897
8,778
20,675
-
748
748
345
(345)
-
26,087
(14,482)
11,605
-
11,857
11,857
12,252
(11,932)
320
1,706
(206)
1,500
4,507
(4,507)
-
44,897
(18,867)
26,030
56,794
(10,089)
46,705		 Net
At
movement
At
1.10.19
in funds
30.9.21
£
£
£
11,897
8,778
20,675
-
748
748
345
(345)
-
26,087
(14,482)
11,605
-
11,857
11,857
12,252
(11,932)
320
1,706
(206)
1,500
4,507
(4,507)
-
44,897
(18,867)
26,030
56,794
(10,089)
46,705
26,030
46,705

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£ £ £
Unrestricted funds
General fund 91,361 (82,583) 8,778
Restricted funds
Other 4,996 (4,248) 748
Grants for community projects - (345) (345)
Grants for salaries 39,557 (54,039) (14,482)
Grants for garden expenditure 14,002 (2,145) 11,857
Grants for your place - (11,932) (11,932)
Grants for carers events
- (206) (206)
Warfdale Foundation - (4,507) (4,507)
58,555 (77,422) (18,867)
TOTAL FUNDS 149,916 (160,005) (10,089)

Grants for salaries are from Henry Smith.

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FAVOUR FOUNDATION LTD.

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 SEPTEMBER 2021

9. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 30 September 2021.

Page 15